News: Brokerage

DiGuiseppe of Realty Partners NE sells 9,000 s/f for $1.75 million - New owner to convert the space into an authentic Mexican restaurant and bar

Chris DiGuiseppe,
Realty Partners NE

Salem, MA Chris DiGuiseppe of Realty Partners NE (RPN) sold the business and real estate at 300 Derby St. for $1.75 million. The 9,000 s/f building on 2 levels was previously Murphy’s Irish Pub. RPN represented both the buyer and seller on the transaction to purchase the existing restaurant business and convert the space into an authentic Mexican restaurant and bar. 

Casa Tequila/El Rodeo currently operates two locations in Concord and Seabrook, N.H. Gilbert Reyes the owner of the business is very excited to enter the Salem, Massachusetts market. “We are happy to be part of the Salem community and bring our truly authentic Mexican cuisine to the neighborhood,” said Reyes. The restaurant is expected to open this year.

Realty Partners NE is the exclusive broker for both Casa Tequila and El Rodeo.

MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

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.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.