Atlantic Development sells Lowe's Marketplace for $8.9 million
Atlantic Development sold the newly built, 177,448 s/f Lowe's Marketplace to a private investment group for $8.9 million.
The retail plaza was acquired by an entity called 379 Fifth Ave. Realty Corp. The plaza was completed in 2007 and is leased to Lowe's Home Improvement, Chili's Grill & Bar and Mansfield Bank.
Cushman & Wakefield of Mass. Inc. represented the seller, Hingham, based Atlantic Development, and found the buyer.
In this column, I want to discuss a basic principle of building relationships, then share a few lessons I’ve learned along the way. I call it Social Energy. The concept is simple: surround yourself with successful people, develop relationships, and participate in activities that put you in the same circles as the people you want to do business with.
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.
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.