News:
Brokerage
Posted: August 20, 2008
Blakely of TRB & Assoc. reps. Kent Realty in $6m sale of Wallace Plaza
TRB & Associates has brokered the sale of 353 John Fitch Hwy., Wallace Plaza Shopping Center & Storage Facility for $6 million. The 127,460 s/f plaza is anchored by Market Basket and Big Lots.
Thomas Blakely, CCIM and president of TRB & Associates exclusively represented the seller Kent Realty Fitchburg LLC in the transaction. David Lenger of Keller Williams Realty represented the buyer who plans to re-tenant and improve the property.
"TRB & Associates is extremely pleased to have been selected by Kent Realty to represent ownership on an exclusive basis and to have closed a very complicated transaction that involved a loan assumption with Wells Fargo, which says a mouth full! We are proud of our nearly 100% closing ratio and strong track-record of results. When a property is listed with TRB & Associates a full-scale marketing attack takes place, like no other, throughout the investment community until a mutually beneficial closing takes place" said Blakely.
MORE FROM Brokerage
Arnold of Mott & Chace Sotheby’s International Realty sells 17 Ferolbink Way for $4.5 million
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
Quick Hits
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
