Filippakos of Delta R.E. brokers $12.6m sale

Nick Filippakos of Delta Real Estate LLC negotiated the sale of Crossroads East located at 850-860-900-930 Straits Tpke. The multi-tenanted retail/office complex is anchored by Bally's Total Fitness on one end, and UBS Financial Services on the other. It is located on 8.2 acres and is improved with four brick office/retail buildings that in total comprise 72,925 s/f. The buyer, Anzaroot Acquisitions, LLC of N.J., purchased the property from CLPV, LLC on March 24th for $12.6 million. Filippakos was the sole broker involved and the sale took 14 months to be completed. The seller and buyer with the assistance of Filippakos went through a major fine tuning and restructuring within the complex and the sale further involved a commercial defeasance by the seller. Crossroads East is nearly 90% occupied. Delta Real Estate, LLC has been retained as the exclusive leasing agent for the property with 6,367 s/f office and 1,947 s/f retail space now available.

Tags: Brokerage Retail

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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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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

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.