 (1).png)
News:
Owners Developers & Managers
Posted: April 28, 2010
Horvath and Tremblay of Marcus & Millichap broker $4.1 million sale
Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services have successfully brokered the transaction of two existing CVS' stores in Rockland and Hanson. The properties sold for $4.1 million, representing $202 per s/f, and a CAP rate of 9.16%.
Both stores have 8.5 years remaining on their base term with 20 years of option periods. Neighboring tenants in Rockland include Walgreens, McDonald's, Rite Aid, 7-11, and Burger King. Neighboring tenants in Hanson include Shaws, McDonald's, Rockland Trust, and Dunkin Donuts. Both stores were built in 1997, are 10,125 s/f, and have high unit sales.
Horvath & Tremblay represented the seller, Liberty Hanson LP, and also procured the buyer, Hanrock Realty Company LLC.
With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 3,756 transactions in 2008, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
Albany Atlanta Austin Baltimore Birmingham Boise Boston Brooklyn Central Illinois Charlotte Charlotte Uptown Chicago
Chicago Downtown Cincinnati Cleveland Columbus Dallas Denver Des Moines Detroit Encino Ft. Collins Ft. Lauderdale
Ft. Worth Grand Rapids Greenville Honolulu Houston Indianapolis Jackson Jacksonville Kansas City Lafayette Las Vegas Little Rock Long Beach Los Angeles Louisville Madison Manhattan Memphis Miami Milwaukee Minneapolis Nashville New Haven New Jersey Newport Beach Oak Brook Oakland Oklahoma City Omaha Ontario Orlando Palo Alto Philadelphia Phoenix Portland Reno
Reston Sacramento Salt Lake City San Antonio San Diego San Francisco Santa Fe St. Louis Seattle Tampa Tucson
Vero Beach Washington, D.C. West Los Angeles Williamsburg
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
Quick Hits
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
August Promotion
