News:
Brokerage
Posted: January 2, 2008
Horvath and Mancinone of Marcus & Millichap close $2.184m sale
Robert Horvath and Adam Mancinone of Marcus & Millichap Investment Real Estate Services of New Haven, Conn. recently closed the sale of a T.G.I. Friday's, located at 221 Loudon Rd. for $2.184 million.
The site consists of 2.96 acres of prime retail frontage on Loudon Rd. (State Highway 9). The property is improved by a new construction free standing T.G.I. Friday's that comprises 5,800 s/f. T.G.I. Friday's executed a ten (10) year ground lease at the close of escrow. The seller of 221 Loudon Rd. was T.G.I. Friday's Inc, a Texas based company; the buyer was Connecticut Based Crown Point Real Estate Investors. Marcus & Millichap represented both parties in the transaction.
MORE FROM Brokerage
Combined Properties renews 164,095 s/f lease to Conduent, Inc.
Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
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.
September Promotion
