News: Brokerage

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.
MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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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

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

End of the year retail thoughts - by Carol Todreas

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