New commercial building expected to open this fall in Nashua

A commercial office building that will be the home to a new Nashua-based community bank is scheduled to open in mid-October.

The 28,000-square-foot, two story, brick building is currently under construction between exits 4 and 5 of the Everett Turnpike in Nashua.

Millyard Bank is the building’s first tenant and will occupy 7,000 square feet. Its banking center will feature a state-of-the-art lobby and multi-purpose community room as well as convenient parking and drive-up access for customers. Expected to open in November, Millyard Bank is led by a group of prominent local businesspeople, including John Stabile of Nashua, Peter Nash of Hudson and Jack Law of Hollis.

“With frontage on Northeastern Boulevard, this property is well-suited to businesses that serve the public, such as medical, legal and other service providers,” said Jeff Knight, chief financial officer at the Tamposi Company, which is marketing the building. “We are excited that 57 Northeastern Boulevard will be home to Millyard Bank. There is a real need for a local financial institution that will serve smaller businesses, and this is an ideal location for it to get started.”

The building is in close proximity to area amenities such as retail shops, fitness clubs, restaurants and public transportation. Nearly 50,000 households and more than 125,000 residents are located within a five-mile radius of the building, which is easily accessible from Route 111 and East Dunstable Road traveling from the Everett Turnpike. The remaining 21,000 square feet of available office space can be subdivided and fit-to-suit for any tenant.