David Choate


Executive Vice President | New Hampshire

About

Professional Summary

David has more than 30 years of commercial real estate experience and is licensed in New Hampshire, Maine and Massachusetts. He has been the managing partner of the Colliers International office in Portsmouth since 1991. In that role, David is responsible for all aspects of the company’s activities, including brokerage, new business generation and various consulting assignments. Included among his diverse group of clients are Wells Fargo, People’s United Bank, Edward Jones, H&R Block, the City of Dover and the University System of New Hampshire. In his career, he has been involved in transactions with a total value of more than $290,000,000.

Prior to joining Colliers International, David worked at The Robbins Group of New Hampshire, Inc. as a Regional Manager and at Bradgate Associates, Inc. where he held the position of Land Acquisition Manager.

Accomplishments

RECENT ACCOMPLISHMENTS
> Represented Northeast Rehabilitation Health Network in a 50 year ground lease worth more than $4.25M.
> Sold a 140,885 square foot manufacturing building for $4.25M for ThermoFisher Scientific.
> Negotiated a 22,383 square foot lease worth more than $3.2M for Novocure, Inc.
> Sold 41 acres of land for student housing for $1.75M to Capstone Development Co.
> Sold a 52,224 square foot industrial building for $3.02M to an investor.
> Sold 7.96 acres for a Holiday Express for $1.0M.
> Sold 25,400 SF industrial building for $1.625M for partial conversion to an indoor shooting range.
> Represented Comcast in a 36,000 square foot lease renewal of industrial and office space worth more than $1.2M.
> Sold 100,025 square foot former community college building on 89.9 acres for $2.75M to an investor.
> Represented ConvenientMD in a 5,326 square foot urgent care center lease worth more than $1.5M.
> Sold 10,984 square foot office building on 12.96 acres for $1.34M to a private investor.

COMPANY AWARDS
> Colliers International – 2013, 2014, 2015 & 2016 Everest Club
> Grubb & Ellis Company – 2006 Circle of Excellence

INDUSTRY AWARDS
> NH CIBOR – 2014 Realtor of the Year
> NAR – 2014  National Commercial Award
> NH CIBOR – 2002 Realtor of the Year

COMMUNITY ACTIVITIES AND AWARDS
> The Housing Partnership – 2012 “Pro Bono Publico” award
> The Housing Partnership – Board of Trustees
> The Music Hall – Founding Trustee and Past President
> HAVEN – Board Member
> NEREN – Board of Directors
> NH Preservation Alliance – Board Member
> Regional Economic Development Corporation – CEDS  Steering Committee

>Rye Historic District Commission – Board Member

>Rye Demolition Review Committee–Member

 

Services:

  • Investment Services / Capital Markets
  • Brokerage: Landlord Representation
  • Brokerage: Tenant Representation

Property Type:

  • Land
  • Office
  • Retail
  • Multifamily-Apartment

Skills:

  • Mixed-Use Properties

Testimonials:

"In early 2012 our foundry business was given nine months to vacate our rented 30,000 SF facility in Rochester.  We contacted several realtors and quickly found David Choate was the one who could offer both Greenfield sites as well as an existing building.  He worked with us and the seller of an existing building to get us moved within the timeframe we needed. This year David contacted us again with an opportunity to purchase an abutting property, and again his diligence and professionalism won that property for us.   The level of complexity of the second purchase seemed to me daunting but was handled by David and his group in a systematic and expert manner.  Colliers will be the only call we will make should we need property services."

Mike Haley, Vice President
Thompson Investment Casting
 
“When Novocure decided to establish its 10,000 square foot operations headquarters in Portsmouth, we turned to David Choate. David lined up several good options based upon our requirements and knew details of each option that exceeded my expectations.
When we selected the property we wanted to pursue, David helped us negotiate a very favorable lease including alerting us to potential problems with the building that were addressed in the lease. His local knowledge and vast experience in the marketplace allowed us to assemble a team of advisors who successfully guided us through the lengthy lease and fit up negotiation processes. This was an important move for us and we needed to get it right and, with David Choate’s help, we achieved that objective. He would be on the top of my list for advising another company on a similar move.”


Mike Ambrogi
Novocure

“As seller of my Trust’s 25,000+ SF industrial property in Rochester, NH, selecting David Choate as our Broker was an easy choice. David and staff are diligent, professional and well known in the commercial real estate market.
David took control of the sale and saw it through to the end. Without his steadfast commitment, we may not have closed in a timely fashion. David Choate gets results!”


Borovick
Retirement Trust

 

“We can't find enough superlatives to express our appreciation for everything David Choate did for us during our search for new office space.
His professionalism, thoroughness, kindness and care were phenomenal.
David helped us find fabulous office space which met our needs and our budget. He was with us every step of the way during the negotiation process and continues to support us even though we have moved in. We are extremely grateful for his patience and good humor in working with three business partners who had no previous experience with commercial leases and office space.
We are very appreciative and recommend him highly.”

Carol R. Minotti, LMFT
Phyllis W. Mackey, LMFT
Tia Madaffari Hackett, LMFT
Harbor Point Individual & Family Therapy, PLLC

 

Clients:

Novocure, Retirement Trust, Thompson Investment Casting, PSNH, H&R Block, People's United Bank, Edward Jones

Education:

> Lafayette College, Easton, PA – BA, French
> US Chamber of Commerce – Institutes for Organization Management
> Tufts University and Middlebury College – Graduate Studies

Memberships & Involvements:

NH Commercial Investment Board of Realtors, New Hampshire Association of Realtors, National Association of Realtors, Northern New England Real Estate Network

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