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Brokerage
Posted: August 24, 2018
Horvath & Tremblay sells One Framingham Centre for $7.9 million
Framingham, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay, have completed the sale of One Framingham Centre. Horvath and Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $7.9 million.
One Framingham Centre is a 38,543 s/f mixed-use property located at the intersection of Rte. 9 (Worcester Rd.) and Edgell Rd. The property features two renovated mixed-use, buildings and a newly constructed, free-standing IHOP restaurant with a 20-year ground lease. The center offers excellent visibility and signage with over two acres of land fronting Rte. 9 at a signalized intersection. One Framingham Center is currently 96% leased to a diverse mix of retail and office tenants.
MORE FROM Brokerage
Sullivan & Sullivan brings 14 Class A office condos to auction
Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
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.
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