News: Brokerage

Horvath and Tremblay of Marcus & Millichap sell Walgreens for $9.352m

Bob Horvath and Todd Tremblay of Marcus & Millichap Investment Real Estate Services of Boston were the sole brokers in the sale of a new construction Walgreens for a total sale price of $9.352 million. The Walgreens drug store, built in 2008, is located on 35 Central St. in downtown Leominster. The property traded at a 6.36% capitalization rate. The buyer, a regional investor, was represented by Wilmer Hale in Boston, while the seller, a regional developer, was represented by its in-house council. Walgreens continues to remain one of the most popular and conservative investment choices for local, regional, and national 1031 exchange buyers.
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Horvath & Tremblay sells Trader Joe’s in Shelton for $7,882,639

Shelton, CT Bob Horvath, Todd Tremblay, Matt Nadler and Jack Laurendeau of Horvath & Tremblay have completed the sale of Trader Joe’s. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $7,882,639 which represents a 4.95% Cap Rate.
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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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