Denenberg Realty Advisors sells retail building in Mattapan for $1.3 million
Neil Denenberg of Denenberg Realty Advisors represented both the buyer and the seller in the $1.3 million sale of a 7,500 s/f fully leased mixed-use retail/office building at 1659-1665 Blue Hill Ave.The following tenants occupied the building: H&R Block, Bank of America and a Physical Therapist Office. The seller was J.H.E. Properties and the buyer was MELJI Properties.
Denenberg said, "We are pleased to have sold this quality inner city property and glad to see properties in all the neighborhoods of Boston increasing in value."
Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
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.