People and Property: Real estate and construction news rundown

NAI Norwood moves Portsmouth office, Swift opens second EXIT franchise, Kohl’s renews in Newington … and more



Published:

NAI Norwood Group has announced the relocation of its Portsmouth office to 28 Deer St. in the city’s downtown.

Brian O’Brien, manager broker of the office, said the new location “provides the growth for our new team who will be expanding into the southern Maine market place, and diversified services, such as business brokerage.”

 

Dan Swift has opened the EXIT Realty Group North franchise at 14 Front St., Exeter. It is Swift’s second brokerage location.

Ted Bateman, regional owner of EXIT Realty of Upper New England, said

EXIT “is a proven real estate business model that supplies single-level residual income -- for agents, security, stability and direction; for agents’ families, security in the form of beneficiary and retirement residuals.”

 

Kohl’s Department Store has signed a long-term renewal at The Crossings in Newington, according to Robert Lemons, managing partner of KeyPoint Partners LLC of Burlington, Mass., which manages and leases the shopping center.

Don Mace, Vice President of Leasing, negotiated the transaction on behalf of the landlord.

The 475,000 square foot Crossings is adjacent to the Fox Run Mall.

 

Steeplegate Mall in Concord has announced that dressbarn will be opening a 7,100-square-foot store on Oct. 4.

dressbarn, which will be located next to the Bon Ton department sore, features contemporary casual, career and social fashions. It is part of Ascena Retail Group Inc., which also includes the maurices, Justice, Lane Bryant and Catherines brands.

 

A ground lease to a CVS Pharmacy at 125 Dublin Rd. in Peterborough was recently sold in a 1031 tax-deferred exchange by 12 Kublin Road LLC of East Moriches, N.Y.

Representing the buyer was Andy Fleisher of NAI Norwood Group, Bedford, as well as John Bosen of Bosen & Associates, Portsmouth. Bradley Vear of Vear Commercial Properties Inc. represented the seller. Also assisting in the sale was Michael Yuras of Cornish & Carey Commercial Newmark Knight Frank, based in San Mateo, Calif.

 

Portsmouth-based CMA Engineers has won the 2013 Grand Prize in the small project category for the firm’s design of a unique geothermal energy recovery system installed in the liner system at the North Country Environmental Services landfill in Bethlehem.

The award was presented by the American Academy of Environmental Engineers and Scientists, at its annual awards ceremony held recently at the National Press Club in Washington, D.C.

 

Chris Brown of Stowe, Vt., has joined Franconia-based Edmund & Wheeler Inc. as an exchange specialist.

Edmund & Wheeler provides capital gains tax deferral services for owners who sell and replace like kind real and personal property under Section 1031 of the IRS tax code.

Brown, who has over 16 years of entrepreneurial real estate investment, development and advisory experience, including ownership of a niche New England real estate advisory firm specializing in 1031 exchange replacement property solutions and private equity real estate ventures.

 

John Goudreault has been named a senior project manager of the New England operation of the Infrastructure & Environment Division of URS Corp.

The New England operation includes a staff of 230 employees and provides transportation engineering, environmental management and remediation, facilities architecture and engineering, and industrial engineering services to public- and private-sector clients.

Goudreault, who will work out of the Salem office, previously was a senior principal engineer for a Burlington, Mass.-based engineering firm. He also was the project manager for multiple toll plaza-related assignments for the New Hampshire Department of Transportation.


 

NHBR Poll