Jon Angel, president of Angel Commercial L.L.C., a Southport-based commercial real estate brokerage firm, completed the sale of 3546 Post Rd. for $630,000 to Riccio Realty.
The new owner will occupy the entire 2,494 s/f building and launch an organic vegetarian café named Organika.
Organika plans to open this spring serving breakfast, lunch and dinner.
Rockland, MA DMG Brokerage completed thel sale of 55 Accord Park Dr. for $2.7 million. The 26,000 s/f commercial property presented a unique marketing challenge due to its 60% vacancy and site restrictions that limited potential redevelopment options.
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.
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.