Calkain Realty Advisors handles $3.5 million lease of 14,000 s/f site
Calkain Realty Advisors represented Delaware based FHQ/HPC, LLC in its land purchase of a 1.15 acre parcel located on Main St. The property, formerly a Sears Automotive Facility, was razed and cleared to facilitate a new 14,000 s/f. Walgreens.
The $3.5 million ground lease transaction was a highly sought after investment in the national marketplace and was completed through the efforts of two Calkain professionals, Tom Geller and Patrick Nutt.
Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Jason Arms, a 12 unit multi-family property. Horvath & Tremblay exclusively represented the seller and sourced the buyer in the transaction. The asset sold for $3.3 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.