News:
Brokerage
Posted: July 29, 2022
French Team of Marcus & Millichap brokers $3 million sale of 34,200 s/f
Taunton, MA Marcus & Millichap sold 82 Taunton Depot Dr., a 34,200 s/f retail property, according to John Horowitz, first VP/division manager of the firm’s Westchester office. The asset sold for $3 million.
This was a single-tenant off-market deal where both the buyer and seller were repeat clients of the French Team, led by Joseph French Jr. in Marcus & Millichap’s Westchester office. French and
Jeffrey Stearney, also an investment specialist on the French Team saw an opportunity that could benefit both the seller and buyer, private investors, so engaged both parties and facilitated the sale
“The buyer was an end user of the property which had been vacant for many years,” said French.
The site is shadow-anchored by Target, Kohl’s, and Home Depot.
MORE FROM Brokerage
Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million
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.
Quick Hits
Columns and Thought Leadership
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.
