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.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.