Blakely of TRB & Associates brokers $1.55 million sale
TRB & Associates has brokered the sale of 1373 Broadway (Rte. 1) for $1.55 million. The 6,000 s/f retail building is 100% occupied by Carsmetics and sits in front of the Square One Mall owned and managed by Simon Malls and adjacent to Rte. 1 on the southbound side.
Thomas Blakely, CCIM and president of TRB & Assoc. based in Lincoln, Mass., represented the seller 3BS Realty LLC. WJ Nealon represented the buyer.
"TRB & Associates is extremely pleased to have represented another sophisticated ownership entity and to have gotten them the value they deserve" said Blakely.
TRB prides itself on consistently providing personalized customer service to its clients while completing commercial real estate transactions that are valuable to the parties on both ends of the deal.
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.
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.