Avison Young represented landlord Transatlantic Investment Management, Inc.(Transatlantic) in a 3,454 s/f retail lease with Sleepy's, the Mattress Professionals, at 151 Merrimac St.
Avison Young principal Karyn McFarland represented Transatlantic and will continue to serve as the building's exclusive leasing representative. Peter Lyons of the Dartmouth Co. represented Sleepy's in the transaction. The retail location is slated to open this spring.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.