Pierce and Verenis of Marcus & Millichap arrange 1031 Exchange of two properties totaling $3.073 million
Somerville, MA Marcus & Millichap has completed the sale of Perry St. Apartments, a three-unit apartment property located at 49-51 Perry St. in Somerville, and 16 Grove St., a six-unit apartment property located in Providence.
Waltham, MA The Davis Companies has completed three new leases totaling 31,650 s/f at Cityside, its class A, 300,000 s/f office propertylocated less than one mile east of Rte. 128 and adjacent to a revitalized
Attleboro, MA David and James Stubblebine, principals of The Stubblebine Company/CORFAC International, have sold a 41,742 s/f fully leased property situated on seven paved rail served acres at 50 Fuller Ave. for $2.175 million.
Needham, MA According to Ken Fries, director of leasing, acquisitions and development for RK Centers, the company has continued to grow its New England retail portfolio with the acquisition of two properties along the Highland Ave./Needham St. retail corridor.
Newburyport, MA JLL Capital Markets has arranged a $7.5 million refinancing for Pond Street Mall, a 28,164 s/f, CVS-anchored retail center. JLL worked on behalf of the borrower, Quincy & Co., to place the long-term, fixed rate, non-recourse loan with Centreville Bank. Loan proceeds will be used to repay an existing loan.
Franklin, MA TRB Realty has closed the $5.125 million investment sale of West Central Plaza, a 10,040 square foot retail strip center. TRB Realty marketed the property exclusively on behalf of the seller, West Central Plaza