February 2014 Statewide Marketing Session Minutes

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NHCIBOR Statewide Marketing Session February 26, 2014February’s statewide marketing session was held at the offices of the Greater Manchester Nashua Board of Realtors at 166 South River Road. This month’s session was hosted by Robert Cruess of TF Moran. Thank you Robert and TF Moran for your breakfast.

Bill Jean – Fulcrum Associates – Construction Management – Cash buyer strip center 10,000 sf or greater; coastal and southern New Hampshire, no restriction on upper end. Existing inventory of 22’ clear, 15-25k sf for repositioning.  Working with a client for a developer partner, 30,000 sf redevelopment. 8,000 sf is committed and another 4800 sf user is committed. 50-60% is committed. Brattleboro VT, total value is around $4M. Andy Shaklee – Nutec Group – Architect – Ask Andy about his Rapid Response, which is a quick design to showcase what a potential building could be. Nutec has a strong discipline in manufacturing, distribution, research bio sciences and food manufacturing. Lisa Parda – Realty Scape Brokerage – Business of Investment  Real Estate. One buyer is looking for 15-40 units Nashua to Dover of multi-family and the other is 75-125 units along route 3 desired to be turn-key. Cristine Burke – Burke Emergency Restoration – Commercial and Residential Properties. 24/7 Emergency response team.  Mold and damage remediation. Both public and private work.  Any water, ice or mold damage please reach out to Christine. Judy Niles Simmons – NAI Norwood Group – Broker – 483 Amherst Street for sale $1,775,000 retail strip plaza. Additionally two units available on Harvey Road in Manchester near the airport, 4800sf Lydia Foley – ReMax Properties Nashua – Broker – New Member to NHCIBOR and looking forward to upcoming events. Gary Chabot – DRED –   Gary has grant programs for training. International trade programs. Additionally reach out to Gary for help in locating hard to find financing and alternative lending. Larry Hirsch – Hirsch and Company – Broker – Larry has a 31,600 sf building in Milford for sale or lease, prior use was food manufacturing, warehouse is air conditioned. Additionally, 6000 sf unit at Tinker Ave in Londonderry NH. 2500-14000 sf, 20% and the balance of it warehouse. Andre Tremblay – Franklin Savings Bank – Business and real estate lending. Has potential buyers for multi families from 5 units to over 100. Happy to review LTV issues for any properties. Kim Regan – RJ Finlay – Director of Marketing and Leasing – 1 Liberty Lane in Hampton has been occupied up to 98%. The Kitchen has moved into 1 Liberty Lane, open for lunch for outside guests as well. Executive Offices available as well.  Currently own 166 South River Road in Bedford and will be renovating the common areas in this building.David Rauseo – Interchange Development – Acquired a 76,000 sf industrial building off exit 17 off 93. Various spaces available there. Additionally there is some rezoned land. Potential for Build to Suit.Robert Cruess – TF Moran – Survey, Landscape Architectural, Structural. A few interesting projects, the Wayfarer in Bedford project is close to approval. In Concord TFM has approved the Concord Tennis Club. Check out their new website. Ben Baroody – Baroody Real Estate– Funeral Home in Candia is available for sale, now real estate only. Also a 6100 sf food processing in Manchester. Has a client seeking a building to purchase a building on Elm from Verizon up to North Elm.Linda DiSilvestro – Baroody Real Estate – Three condo units for sale or lease, two at 726 East Industrial  in Manchester and one at Columbia Circle in Merrimack. Call Linda for more details. Joe Campbell – North Branch Construction – Primary 100 mile radius of Concord. Joe Friedman – Brooks Properties Salem NH – Seeking office and industrial, close to 93 from exit 1-5. 15,000 sf and up. New project is a 4 story 49,000 sf office building. Floor plans from 6000 sf and up. $23.50 nnn expenses. 5 miles east of exit 3. Chris Brown- Edmond and Wheeler – 1031 Exchange – Specialized in 1031, QI as well as investment sales work. Mari Bodi– CP Management – Manage all property types. Realtor of the Year!Muriel Robinette – Terracon Consultants, Inc.  – Field geophysical equipment.  Icing, pockets and voids for water interruption or drainage issues. Newton Kershaw – Elm Grove Companies – Vertically integrated real estate company. Manage just under 1000 apartments statewide and in MA.  Currently owns 500 units. Brian Hansen – Fire Protection Team – Fire alarm specialist and fire extinguisher. Nick Dziemian – Neighborhood Energy – Natural gas rates have been dropping as well as their electric needs. Mike Harrington – Harrington and Company – Has a requirement for 20,000 sf to purchase only in Manchester. Has a listing, development opportunity, 40 acres at exit 4. 220,000 sf or retail plus 96 apartments, water and sewer is approved. Potential for warehouse or distribution. Rick Mulvee – Tower Realty Group – First cash buyer is a group out of Texas has a placement for $17M of property, long term strategy, want to have a clear exit strategy. Probably avoid retail.  Second group is $2-6 M, any product type by residential.  Wants to stay in NH.  Has a building for sale, 1217 Elm Street, Manchester former Lamay Jewelry building is for sale, just in front of the Pearl Street Parking lot. $835,000Chris Norwood – NAI Norwood Group – Cash Buyer looking for 10,000-15000 sf of industrial in Nashua NH.  Submitted By: Chris Norwood

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