Horvath & Tremblay broker sale of two retail properties totaling $8.9 million - Dodge Crossing and Duxbury Marketplace

Duxbury, MA Horvath & Tremblay has brokered the sale of two retail properties in Beverly and Duxbury Mass. for over $8.9 million in total sales. Wayne Clough, managing director, of Fantini & Gorga, assisted in completing the sale as Horvath & Tremblay represented the seller and procured the buyers for each property. Dodge Crossing located along Enon St. in Beverly closed at a sale price of $4.15 million and Duxbury Marketplace closed at a sale price of $4.8 million.

Dodge Crossing, Enon Street - Beverly, MA

Occupying 30,100 s/f of retail frontage along Enon St. is Dodge Crossing. The property is anchored by Sleepy’s with additional tenants including: Learning Express Toys, Mathnasium, Triad Driving Academy, Art Supplies Wholesale, Sportsman’s Barber, Cape Ann Center for Dance, Innersource, Active Healing and Hong Kong Café. In addition, there is 1,200 s/f of leased office space. Dodge Crossing is located at exit 20A off of Rte. 128. National retailers located along Enon St. include: Sprint, Bank of America, Bertucci’s, Starbucks, Speedway, McDonald’s, Stop & Shop, and Dunkin’ Donuts. Located down the street from the property is Commodore Plaza, a 43,018 s/f shopping center with national tenants including: Not Your Average Joe’s, Subway, Elements Massage, Fantastic Sam’s and Edible Arrangements.

Duxbury Marketplace, Depot Street - Duxbury, MA

Duxbury Marketplace, located on Depot St., is an asset consisting of five separate buildings, situated on three acres. The property is located in the middle of the retail area of town and offers a tenant mix that services the local community. Tenants include: Coldwell Banker, Eastern Bank, Duxbury Dogs, Crossroads Salon, Peels Pizza, Mix It Up, The Studio, Happy Tails, Consider the Lilies, Westwinds Bookshop, Razia - Makkas, Roma Fresh Foods, Oropa, Depot Street Market, Cellar d’Or, Oriental Express, Sportworks, Tsang’s Café, and Rock Paper Scissors. In addition, there is 5,860 s/f of leased office space. The property is located at exit 10 off of Rte. 3, and across the street from the Foodie’s Duxbury Market.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.