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NAI Norwood Group Sells Former OSRAM Sylvania Building in Manchester, NH

11/06/2015

 

 

Contact: Sarah Carson 603.668.7000

 

NAI Norwood Group Sells Former OSRAM Sylvania Building in Manchester, NH

 

Manchester NH – NAI Norwood Group is pleased to announce the sale of 655 South Willow Street in Manchester NH. Karl Norwood and John Hoben of NAI Norwood Group represented German based OSRAM Sylvania and their real estate advisor, DTZ, Inc. to successfully bring the property to the market, procure the buyer, and complete the transaction at a purchase price in excess of the marketing price.  The property was purchased by a joint venture of Brady Sullivan Properties, LLC and The Anagnost Companies, Inc. Realty and Development of Manchester.  According to the NH Registry of Deeds, the transaction was completed on October 26, 2015 in the amount of $4,200,000.

The 300,000+ SF multi-building manufacturing complex sits on 15+/- acres along Manchester’s South Willow Street retail corridor. The new proposed project includes adding another 10-12 retailers to the Queen City retail corridor and will bring jobs not only in the retail sector but in construction as well.

“We are pleased to have assisted OSRAM Sylvania in meeting their objectives,” said Norwood, “and are also heartened that the strong, local buyer team has embarked on an exciting reuse and redevelopment program for this important community asset.”   

 

NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.  Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit www.nainorwoodgroup.com. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.

 

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11/06/2015 - 16:30

Source

NAI Global

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