News: Northern New England
Posted: July 1, 2022
Harrington & Co. and Norton Asset Management sell two industrial properties totaling $3.345 million
Hooksett, NH Mike Harrington, Harrington & Company and Bill Norton, Norton Asset Management have teamed up to consult and represent the owners of two industrial properties for a total of $3.345 million.
Harrington and Norton brokered the sale of 18 Legends Dr. in the sale of their property for $2.2 million.
18 Legends Dr. is a 42-acre, industrial-zoned property, that prior to the sale had been used as a recreational business consisting of a driving range, miniature golf course and batting cages.
The sale culminates an over 30 year relationship between Norton and the owners of the property/business whom Norton counseled over the years and during the initial stages of developing this property into a family owned business.
The property was purchased by Marmon Aerospace & Defense who received town approvals to build a new 80,000 s/f manufacturing facility.
The buyer was represented by Josh Robbie of Savills-US.
In a seperate transaction, Norton and Harrington sold 25 Chenell Dr., a 12,000 s/f industrial lab building on 2.24 acres in the Concord Industrial Park for $1.145 million.
The local investor who purchased the building has retained Harrington & Co. to market the property for lease.
The buyer was represented by Richard Danais, Danais Realty Group.
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