News: Front Section
Posted: March 10, 2017
O’Brien of NAI Norwood Group completes sale of two Walmart stores
270 Lafayette Road - Seabrook, NH
300 Keller Street - Manchester, NH
Brian O'Brien, NAI Norwwod GroupSeabrook, NH NAI Norwood Group completed the sale of two Walmart locations in New Hampshire. Brian O’Brien of NAI Norwood Group, in cooperation with Lancet Realty Advisors in Georgia, completed the sale of two Walmart locations – Manchester and Seabrook.
The Manchester site, 300 Keller St., is a desirable location near the Mall of New Hampshire and off South Willow St. The 118,000 s/f building is situated on 12.89 acres and was purchased by CarMax Auto Superstore. According to the Registry of Deeds, the sale was completed in the amount of $11.05 million. A brand new Walmart super center was built on Gold St.
The Seabrook site, 270 Lafayette Rd., is part of the Seacoast Shopping Center located between Market Basket and Home Depot and close to the Massachusetts border. The 139,000 s/f building was purchased by Ocean State Job Lot. According to the Registry of Deeds, the sale was completed in the amount of $4.7 million. As part of a shopping center, O’Brien had to work with the town of Seabrook and the center’s owner, Brixmor Property Group, to separate the former Walmart building from the rest of the shopping center.
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 their extensive background and strong local contacts, they are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development.
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