News:
Brokerage
Posted: August 25, 2010
Gibbons of ABG Realty sells 25,000 s/f to Colonial Auto Group
Navistar International has sold a 2.75 acre site improved by a 25,000 s/f building at 340 Mystic Ave. to Colonial Automotive Group for $3.85 million.
Bernard Gibbons of ABG Commercial was the sole broker.
The Chicago company was pleased to find Colonial, the growing auto dealership chain based in Acton for an off market transaction.
The site features 750 feet of frontage with visibility from I-93 south.
MORE FROM Brokerage
Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
Quick Hits
Columns and Thought Leadership
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.
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.
