Blakely of TRB & Associates brokers $5.675 million sale
TRB & Associates has brokered the sale of Marlborough Village Plaza located at 488-530 Boston Post Rd., for $5.675 million. The sale included five mixed-use, office and retail buildings, totaling 62,446 s/f situated upon 4.5 acres at a signalized intersection.
"TRB & Associates is very pleased to have been retained by ownership to provide commercial real estate brokerage services on an exclusive basis," said Thomas Blakely.
Blakely, CCIM and president of TRB & Associates based in Lincoln, Mass., exclusively represented the seller and procured the buyer in cooperation with Everest Realty.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.