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Brokerage
Posted: August 28, 2015
Gorjian of Namdar Realty Group acquires 201,425 s/f Webster Plaza
Joel Gorjian, Namdar Realty Group
Webster Plaza - Webster, MA
Webster, MA Joel Gorjian of Namdar Realty Group acquired Webster Plaza, a 201,425 s/f center in Worcester County. The center is anchored by Kmart and junior anchors Aubuchon Hardware, and Dollar Tree. The center’s tenants are a mix of national and local retailers including Radio Shack, Sally Beauty Supply, and Olympia Sports.
The center also includes a Shaw’s grocery with 9 years remaining on their initial lease. “Our current plan is either to back-fill the former Shaw’s box with a national retailer or simply to collect coupon payments for the remaining term,” said Gorjian.
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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.
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