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.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.
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.