Groblewski with Miller of Fantini & Gorga arrange $7.5 million for Rite Aid Pharmacy

Fantini & Gorga arranged a $7.5 million acquisition financing package for a free-standing Rite Aid Pharmacy. With assistance from senior analyst Chris Miller, Casimir Groblewski, senior managing director, represented his client, Wells Realty LP, an affiliate of a Massachusetts-based development and investment company, and arranged the new mortgage with a leading regional financial institution. Containing 14,673 s/f of net rentable area, this Rite Aid is located in the heart of downtown, less than a mile from Colby College and Rte. I-95. Completed in 2009, the property features a convenient corner site and drive through with canopy, as well as a high volume pharmacy layout.

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Keogh of 128 CRE facilitates $7.7 million off-market sale of 10.25-acre IOS portfolio in Ayer and Devens to Realterm

Ayer, MA James Keogh of 128 CRE facilitated the $7.7 million off-market sale of two industrial outdoor storage (IOS) properties in Ayer and Devens, Mass., to Realterm. 128 CRE served as the sole broker in the transaction.

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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.

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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.