Denenberg Realty Advisors sold 25,000 s/f shopping center for $1.8m
Neil Denenberg of Denenberg Realty Advisors sold a strip center at 270 Main St., for $1.8 million. The center known as Indian Head Lake Plaza consists of two detached buildings totaling 25,000 s/f. The seller in the transaction was Two Brothers, LLC and the buyer is Di Donna Realty Trust.
Current tenants include Hanson Post Office, Dominos Pizza as well as eight other tenants. Center includes a large pylon sign. The property is located on Rte. 27 which runs east and west of Rte. 24 and Rte. 3.
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.
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.