Horvath and Tremblay of Marcus & Millichap complete $4.395 million sale
The sale of two retail centers located in the Centre of New England closed at a sale price of $4.395 million. Located at 670-678 and 710-720 Centre of New England Blvd., the two retail centers total 16,895 s/f and are located in front of Home Depot located in the Centre of New England development.
The current tenants located in the development include: Home Depot, Walmart, BJ’s Wholesale Club, Cracker Barrel Restaurant, Hampton Inn, Applebee’s, Denny’s, Wendy’s, Randolph Savings Bank, and Fairfield Inn and Suites. Benefiting from its direct street frontage the centers are tenanted by 863 Sushi, Cilantro Grille, Royal Nails, UPS, Sprint, We-R-Wireless, GameStop, Starkey Hearing, Supercuts and T-Mobile.
The property is easily accessible at Exit 7 off of the heavily traveled I-95.
Bob Horvath and Todd Tremblay exclusively represented both the seller, MTM-CNE, LLC and the buyer, 1465 Third Avenue, LLC.
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.
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.
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.