News:
Brokerage
Posted: June 25, 2021
Glaskin of Coldwell Banker handles $3.7m off-market sale
Newton, MA Coldwell Banker Commercial has facilitated the off-market sale of a retail center located at 1144-1152 Beacon St. in the Four Corners area of town. The transaction was valued at $3.7 million.
Todd Glaskin, a commercial real estate professional with Coldwell Banker Commercial, helped facilitate the transaction. The buyer, 1144-1152 Beacon St. LLC, has added this as an investment property to their portfolio of holdings.
The one-story building totals 9,350 s/f, situated on 0.44 acres and has off-street parking and over 100 feet of retail frontage.
“This property is located within Newton Four Corners just outside of Newton Centre and offered a great investment opportunity on highly desirable Beacon St. with a rare mix of strong local and national retail tenants. We facilitated the off-market transaction for two long-time clients in both the buyer and seller,” said Glaskin.
MORE FROM Brokerage
Lessons from the Field: Relationships, risk and a $200,000 mistake - by Daniel Gardner
In this column, I want to discuss a basic principle of building relationships, then share a few lessons I’ve learned along the way. I call it Social Energy. The concept is simple: surround yourself with successful people, develop relationships, and participate in activities that put you in the same circles as the people you want to do business with.
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.