Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services have brokered the transaction of a TD Bank anchored retail center. The 12,080 s/f retail center, located at 1255 Worcester Rd., is anchored by TD Bank with drive-through along with other tenants including The UPS Store, Lapels Dry Cleaning and four additional local tenants. The sale was closed at a price of $1.85 million.
Horvath and Tremblay exclusively represented the seller, Crosspoint Associates and the buyer, Centercorp Retail Properties.
Located on the corner of the intersection of Worcester Rd. (Rte. 9) and Temple St., the property is within short distance of national retail tenants including Dunkin' Donuts, McDonald's, Stop & Shop, Friendly's and CVS.
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.