News:
Brokerage
Posted: August 28, 2015
Groblewski with Miller of Fantini & Gorga arrange $7.5 million for Rite Aid Pharmacy
Rite Aid Pharmacy - Waterville, MEWaterville, ME Fantini & Gorga arranged a $7.5 million acquisition financing package for a free-standing Rite Aid Pharmacy.
Casimir Groblewski, Fantini & GorgaWith 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
Chris Miller, Fantini & Gorga2009, the property features a convenient corner site and drive through with canopy, as well as a high volume pharmacy layout.
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.