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New Listing in Northfield, VT!

Tuesday, December 17th, 2013

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Completely renovated historic 4,000SF +/- schoolhouse, prior use was laboratory. Ideal for office space or multiple apartment conversion. Conference rooms, private offices, complete with large kitchen/break room, two bathrooms, (one with shower), plus large basement for storage.  Minutes from downtown Northfield and Norwich University. Good investment opportunity for developer or business owner. Zoned  “Urban Residential”. Lot size .83 acres. Onsite septic and parking for 20+ vehicles.

Features & Amenities
• Minutes from downtown Northfield/ Norwich University
• Onsite septic/municipal water
• Membrane Roof with drainage
• Ample on site parking for approx. 20 vehicles

Price: 349,000

Listed by Linda I. Letourneau, and Jessica Cameron of Redstone Commercial Group

Middlebury Interactive Languages leases new Middlebury location

Wednesday, March 13th, 2013

Duncan Harris of Redstone represented Foster Real Estate Development in the lease of 12,000 SF of office space to Middlebury Interactive Languages. Ross Montgomery procured the tenant in the transaction.

Ricky Klein leases space for a meadery in Catamount East Development

Wednesday, March 13th, 2013

Duncan Harris of Redstone represented Ricky Klein in the lease of 3,000 SF of warehouse space in Colchester for a meadery. Catamount East Development is the landlord.

Tootsies Mini Spa to 166 Battery St, Burlington

Monday, March 11th, 2013

Linda I Letourn716 Pine Street - Web 1eau of Redstone was the listing and leasing broker representing the owner Pomeroy Associates LLC in the lease transaction of a 1,600 SF Spa space located at the historic Pomeroy House at 166 Battery Street in Burlington, VT to Tootsies Mini Spa owned by Beth Estey.

Tootsies Mini Spa is proud to hold the title of the 7 Days Best Pedicure & Manicure for the last four years running! While we are “famous for feet” we now offer a full spa menu including Shellac manicures, facials, reflexology, hair removal, and chair massage; and we will soon add makeup and lash extensions. Our new location in the Pomeroy House truly feels like home to clients and staff alike. Please visit tootsiesminispa.com to view our menu and like us on Facebook for VIP specials.

 

Pictured: Beth Estey (left) and Linda I Letourneau of Redstone Commercial Group

What does the term NNN mean?

Thursday, July 24th, 2008

A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three ‘Nets’) on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with repairs or replacement of the structural building elements of the property.