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Brokerage
Posted: March 22, 2012
H. Pearce Commercial and Just Restaurants sell former Frankie's - $650,000
359 Boston Post Rd, formerly known as Frankie's Restaurant, is under new ownership and is targeted to reopen as Upper Deck Sports Bar & Grill by April 1st. Craig Fuchs of H. Pearce Commercial represented the owner, Eastern Savings Bank (of Maryland), and John Russo of Just Restaurants LLC represented the buyer, Grumps Productions LLC, an experienced restaurant developer and operator. The 5,300 s/f building, with well-known 1,700 s/f roof-top deck for seasonal outdoor dining, on two parcels comprising 4.27 acres, sold for $650,000. Grumps plans major renovations and all new kitchen.
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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.
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.