Nortech Named Paradigm Development Corporate Agent

Elizabeth, NC (PressExposure) February 06, 2009 -- James K, (Jim) Nance, of Paradigm Development Group LLC announced today that Nortech Commercial Realty has been named the group’s Corporate Agent. “Paradigm is on a solid basis in all its medical and business parks.” said Nance, “but we feel that we need add outside investment partners to take advantage of today’s depressed market. While our parks were financed for the long term, there are many opportunities to expand our brand in North Eastern North Carolina and be ready for a renewed interest in medical, assisted living and business real estate.

Paradigm’s senior management consists of Nance, (Finance and Development) and Al Chesson, (Construction). A. R. Chesson is the preeminent commercial builder in NENC. Together they have developed business, and medical parks in Washington, Williamston, Edenton and Wanchese NC with future plans for Bethel and Greenville. Because of their combined expertise they are able to build-to-suit efficiently and quickly.

Says Nance, “I’ve been a developer for over 30 years, both here and in Texas, and I have never seen a climate more ready for development than right now. Raw land costs have come down to earth while construction costs are now bare bones. “Al Chesson agrees, “Competition is tough”, he said, “but we are still keeping up the quality. By doing things in-house we’re able to be more efficient and pass the savings on to the customer.”

Nortech Senior Director, Peter Thomson, said he was pleased with his new assignment.. He emphasized that this was not search for investors in present projects, but trying to find a group that could work with Paradigm senior management to expand the scope of operation. “Jim Nance and Al Chesson are doing just fine, and the present projects are well capitalized. Naturally we’d like to sell the present sites, but they are in great locations and that will come”, Thomson said. “Our thrust now is to help Paradigm prepare for renewed regional growth. North East North Carolina is an area that is attractive to retirees, and even now has many medical and business needs that are not being met.”

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About Nortech Commercial Realty

Nortech Commercial Realty LLC is an small exclusive company working in Eastern North Carolina, promoting business expansion, re-engineering and sales. It is affiliated with Norton & Associates Inc, and as such has a strong interest in sustainable development and green technology.

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Press Release Submitted On: February 06, 2009 at 7:04 am
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