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.

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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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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.