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GC Engineering purchases Downtown Laconia building with support from Bank of New Hampshire and Belknap EDC

Laconia, New Hampshire – May 7, 2015 – GC Engineering recently purchased 633-637 Main Street in Downtown Laconia with support and financing from Bank of New Hampshire and Belknap Economic Development Council (Belknap EDC).

Established in 1978, GC Engineering is a Belmont-based civil engineering firm specializing in all aspects of flood plain management, flood zone determinations, flood Insurance, and consulting for the National Flood Insurance program (NFIP).  GC Engineering, led by Mark and Chris Condodemetraky, plan to expand their operations in the building including interior renovations and retrofitting space 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,” stated the Condodemetrakys.

“It’s been such a pleasure to work Mark and Chris as they pursued the purchase of 633-637 Main Street (also known as the “Piscopo Block”),” said Christopher Walkley, AVP - 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.”

Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire. With 21 banking offices throughout New Hampshire and assets exceeding $1 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. Bank of New Hampshire is a mutual organization, focused on the success of the bank’s customers, communities and employees, rather than stockholders.  For more information, call 1-800-832-0912 or visit www.BankNH.com.

Belknap EDC is one of ten non-profit regional development corporations in the State of New Hampshire.  Since its inception in 1992, Belknap EDC has brought $3 million in new capital to Belknap County in the form of federal grants and loans that comprised the seed capital for its revolving loan fund. Belknap EDC has used this capital to make loans to 75 Belknap County businesses, which leveraged over $75 million in capital from other sources and created or retained over 1,700 jobs. Our loan fund continues to assist new and growing businesses who cannot access 100% of the financing they need from conventional sources. Belknap EDC works to retain and attract talented people to Belknap County, support creative entrepreneurs in Belknap County, and enhance workforce development programs in the Lakes Region. For more information, please visit www.belknapedc.org.

 

 

 

Photo Caption (L-R): Christopher Walkley, AVP – Commercial Banker for Bank of New Hampshire; Mark Condodemetraky, Co-Owner of GC Engineering; Chris Condodemetraky, Co-Owner of GC Engineering; Ken Wilson, Loan Officer for Belknap EDC.

 

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1-800-832-0912 · www.BankNH.com


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Tiffany Baert

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(603) 527-3270
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