Cardente Real Estate sells 34,800 s/f for $1.05 million
According to Cardente Real Estate, Wiscasset Marketplace, LLC has purchased a 34,800 s/f retail center at 681 Bath Rd. for $1.05 million.
This transaction was brokered on behalf of the seller, 681 Bath Road, LLC, by Greg Perry of Cardente Real Estate and on behalf of the buyer by Tom Moulton of NAI Dunham Group.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.