LACONIA — A local civil engineering firm has purchased one of the city's largest downtown business blocks with plans to move its headquarters to the building.
GC Engineering of Belmont purchased the building at 633-637 Main St. — known as the Piscopo Block, according to a announcement released to the media yesterday by Bank of New Hampshire, which helped finance the transaction. The Belknap Economic Development Council (Belknap EDC) was also involved in financing the purchase.
GC Engineering, established in 1978, is a civil engineering firm specializing in all aspects of flood plain management, flood zone determinations, flood insurance, and consulting for the National Flood Insurance program. GC Engineering, led by Mark and Chris Condodemetraky, plans to expand its operations in the building, including interior renovations and retrofitting space in the three-story building on the corner of Main and Canal streets for their new headquarters.
"While we came into this transaction well prepared, there were still a few small challenges during the purchase. We were very fortunate to have a team of local resources, like Christopher Walkley from Bank of New Hampshire and Ken Wilson at Belknap EDC, on board to offer support and guidance throughout the process," the Condodemetrakys said.
"It's been such a pleasure to work with Mark and Chris as they pursued the purchase of 633-637 Main Street," said Christopher Walkley, an assistant vice president and commercial banker for Bank of New Hampshire. "We wish them much success in this new venture."
Belknap EDC Executive Director, Justin Slattery, added, "We are very pleased and proud of the role that we played in assisting with the financing of the purchase of 633-637 Main St. The Condodemetrakys' future plans for the property are impressive and we look forward to their completed renovations."
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