People and Property: Real Estate and Construction News Rundown
Chris Norwood takes helm at NAI Norwood Group, retail space filling up at Portwalk Place, Masiello expands in Maine … and more
Chris Norwood, formerly executive vice president, has been named president of NAI Norwood Group Inc. He is a past president of both the New England Chapter of CCIM and NHCIBOR and is a board member of Manchester Community College. Norwood joined the Bedford-based firm in 2003. It was founded in 1968 by his parents, Karl and Louise Norwood, who remain active with the company. Doing business as NAI Norwood Group, it is the largest commercial real estate brokerage firm in the state with offices in Bedford and Portsmouth.
Some 12,000 square feet of existing street-level retail space at Portwalk Place in Portsmouth is now fully leased to British Beer Company, Seacoast Spine and Sports Injuries Clinic and the soon-to-be-opened BRGR Bar restaurant. In addition, CBRE/Portsmouth has been retained as exclusive leasing agent on 20,000 square feet of new, premier retail, restaurant and office space in the final phase of Portwalk Place. The final phase will be ready for occupancy in the summer of 2014 and is targeting LEED Silver Certification. The final phase of Portwalk Place also will have 113 luxury apartments, a 260-car parking facility, and a 120-room Hampton Inn and Suites.
Keene-based Better Homes and Gardens/The Masiello Group has announced a merger with ReMax Advantage Realty of Bangor, Maine. One of the largest ReMax offices in northern New England with approximately 257 closed transactions valued at $40 million in sales, ReMax Advantage Realty in Bangor will operate as part of the Better Homes and Gardens/The Masiello Group. The deal makes the Masiello firm the leader in the number of closed real estate transactions over the past 12 months in Maine.
Bellwether Community Credit Union is renovating its Manchester corporate office on Hooksett Road with an aim at providing members with a more personal banking experience called “dialogue banking.” The new interior will feature a fresh, open-concept design with service islands that allow for more personal communication between credit union staff and members. The branch will remain open during construction which began in late October and will be finished in May 2014.
Consolidated Electrical Distributors has leased space in a Route 11 strip mall in Gilford. Under the five-year lease, Consolidated will occupy 8,100 square feet in the former New Hampshire state liquor store location on Old Lake Shore Road. Kevin Sullivan of Weeks Associates Commercial Realtors, brokered the deal for CED, with Frank Normandin of Summit Realty Partners of Lexington, Mass., representing the building’s owner.
M. Hunter Ulf, a principal of UK Architects, Hanover, has been re-elected to a second three-year term on the board of directors of the New Hampshire Preservation Alliance. He will serve as chair of both the Seven to Save and the Preservation Services committees.
North Branch Construction Inc. project manager Robert Dapice has been won certification as a Certified Builder from the Passive House Institute of the United States, making North Branch Construction the first contractor in New Hampshire with a PHIUS Certified Builder on staff.
The fifth annual membership meeting of the U.S. Green Building Council of New Hampshire will be held from 6 to 8:30 p.m., Thursday, Dec. 5, at the Exeter Hampton Inn in Exeter. The event is free to chapter members and their guest. Non-members are welcome and can register for a $20 fee. For more information, visit usgbcnh.org.