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.
At the time, I was working as a commercial property manager. I had just met a great woman who eventually became my wife. I had a salary, benefits, and an employer-matched 401(k) plan. While working my 9-to-5 job, I attended graduate school at Brandeis University from 6:00 to 9:00 p.m., Monday through Thursday.
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.
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.