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David Choate | Colliers | Portsmouth

David Choate

Executive Vice President | New Hampshire

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About

Professional Summary

I have more than 35 years of commercial real estate experience and am licensed in New Hampshire, Maine, and Massachusetts. 

I have been the managing partner of the Colliers office in Portsmouth, NH, since 1991. In that role, I am responsible for all aspects of the company’s activities, including brokerage, new business generation, and various consulting assignments. 

Over the years, I have had the pleasure of working with Wells Fargo, Manulife, Citizens Bank, Edward Jones, ConvenientMD, Exeter Hospital, the City of Dover, the University System of New Hampshire, and many more. 

In my career, I have been involved in transactions totaling over $411 million.

Prior to joining Colliers, I worked at The Robbins Group of New Hampshire, Inc. as a Regional Manager, and at Bradgate Associates, Inc. where I was a Land Acquisition Manager. 

Accomplishments

2018
Colliers Everest Club, earned by the top 10% of producers nationwide
Colliers in NH Top Producer

2016
Colliers Everest Club, earned by the top 10% of producers nationwide
Colliers in NH Top Producer

2015
Colliers Everest Club, earned by the top 10% of producers nationwide
Colliers in NH Top Producer

2014
National Association of Realtors® National Commercial Award
Colliers Everest Club, earned by the top 10% of producers nationwide
NHCIBOR Realtor of the Year
Colliers in NH Top Producer

2013
Colliers Everest Club, earned by the top 10% of producers nationwide
Colliers in NH Top Producer

2012
The Housing Partnership “Pro Bono Publico” award

2011
Colliers in NH Top Producer

2010
Colliers in NH Top Producer

2008
Colliers in NH Top Producer

2006
Colliers in NH Top Producer

2005
Colliers in NH Top Producer

Education

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

Memberships & Involvements

AFFILIATIONS AND MEMBERSHIPS
• NH Commercial Investment Board of Realtors (NHCIBOR)
• New Hampshire Association of Realtors 
• National Association of Realtors 
• Northern New England Real Estate Network

COMMUNITY INVOLVEMENT
• The Housing Partnership – Board of Trustees
• The Music Hall – Founding Trustee and Past President
• NHSPCA – Board of Directors
• NEREN – CIBOR Director & Treasurer
• Regional Economic Development Corporation – CEDS Steering Committee
• Rye Historic District Commission – Board Member
• Rye Demolition Review Committee – Chair
• Rye Heritage Commission – Alternate Member
• Rye Advocates – Chair

Clients

REPRESENTATIVE CLIENTS AND PROJECTS

Novocure | Represented client in the leasing of 73,000 SF in two buildings with a total lease value of more than $7.8M.

Private Investor | Sold 52,224 SF fully tenanted industrial building for $4.6M.

ThermoFisher Scientific | Sold its 140,885 SF manufacturing building for $4.25M. Negotiated a 34,749 SF lease renewal worth more than $1.1M on its behalf.

Community College System of NH | Sold its 100,035 SF former Great Bay Community College building on 89.9 acres for $2.75M to an investor.

Southern New Hampshire University | Negotiated its 19,451 SF lease renewal worth more than $2.25M.

Riverwoods | Represesnted client in purchase of land for $1.45M for a continuing care retirement community.

Exeter Hospital | Negotiated lease of 5,673 SF of medical office space for $1.44M.

Wells Fargo Advisors | Negotiated a 5,783 SF lease renewal worth more than $1M.

Northeast Rehabilitation Health Network | Negotiated a 50 year ground lease worth more than $4.25M.

Capstone Development Co. | Sold 41 acres of land for student housing for $1.75M.

Comcast | Negotiated a 36,000 square foot lease renewal of industrial and office space worth more than $1.2M.

Convenient MD | Negotiated a 5,326 square foot urgent care center lease worth more than $1.5M.

Testimonials

“When Novocure decided to establish its 10,000 SF operations headquarters, we turned to Colliers and David Choate. David lined up several good options and helped us negotiate a very favorable lease. Since then, he has helped us successfully negotiate an additional 63,000 SF of office and warehouse space in Portsmouth. Our original move and subsequent expansions were important for our growth and we needed to get them right and, with David Choate’s local knowledge and vast experience in the marketplace, we achieved that objective. He would be on the top of my list for advising another company on helping to implement their real estate growth strategy.”

Mike Ambrogi, Senior Technology Fellow
Novocure

 

"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
 

“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

 

Services

Skills

Mixed-Use Properties

Service Lines

Capital Markets, Landlord Representation, Tenant Representation

Property Type

Land, Office, Multifamily

My Team

Featured News

May 3, 2022

Choate & Morneault of Colliers Lease All Units at 198 Lafayette Rd

This location was formerly home to an auto repair shop and was completely renovated into five contractor units.
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Dec 21, 2021

David Choate & Dan Scanlon Honored Again in NH 200 List

The New Hampshire 200 List is the product of a year-long research initiative by the editors of NH Business Review.
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