NAI Norwood Group sells former Chester College for $1.53 million

Former library at Chester College of New England - Chester, NH

Chester, NH NAI Norwood Group completed the final sale of the former Chester College of New England. The parcel(s) contained four buildings totaling approximately 50,000 s/f, containing dining facilities, classrooms, library and dorm room space. The sale closed on August 28 in the amount of $1.53 million according to the N.H. Registry of Deeds.

Chris Norwood, NAI Norwood Group

Karl Norwood, NAI Norwood Group

John Hoben, NAI Norwood Group

The buyer was Busch International, Inc. In addition to seeking accreditation from the State of New Hampshire, the school is hoping to make improvements to the campus. The company’s spokesperson, Lei Wang said, “The campus will be used as a private school and it is planned to open in May 2016.” The private education facility will attract students from across the globe. Approximately 200 students ranging in grades from 7-12 will be living and going to school onsite with yearly rotating enrollment.

Chester College closed its doors in May, 2012 as a result of the declining enrollment in a recessed economy. NAI Norwood Group’s Karl Norwood, Chris Norwood, and John Hoben, began marketing the campus in its entirety soon after the doors closed. Two parcels, each with significant buildings, were sold and repositioned quickly, prior to this most recent transaction. NAI Norwood Group was pleased to have found an educational use for the remainder of the campus.