Galvani of Parsons Commercial Group completes $4.15 million sale
Parsons Commercial Group, Inc. (PCG) completed the sale of 75 Bolton St. Ext. for $4.15 million.
Victor Galvani, vice president at Parsons Commercial Group represented both the seller, Yorkshire Realty Trust and the buyer, Arak II, LLC in this transaction.
75 Bolton St. Ext. is a 13,363 s/f retail building that is fully leased to Rite Aid Pharmacy. "75 Bolton Street Ext. is a great investment opportunity for an owner with minimal landlord obligations having the single tenant in-place for over 10 years on a NNN lease," said Galvani.
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.
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.
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.