News:
Owners Developers & Managers
Posted: April 6, 2018
Kelleher and Pentore of Horvath & Tremblay broker $11.45 million sale
Malden, MA Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 120-120A Salem St. and 166 Mountain Ave. The portfolio sold at a price of $11.45 million and a price per unit of $181,746. Kelleher and Pentore represented the seller, Salem 2 Realty LLC and the buyer 120-120a Salem Street LLC in the transaction.
The 63-unit portfolio consists of three apartment buildings located on Salem St. and Mountain Ave. The properties are comprised of a mix of 10 studio apartments, 29 one-bedroom, one-bathroom units, 21 two-bedroom, one-bathroom units and 3 three-bedroom one-bathroom units. Off street parking is also available to tenants of the buildings.
The transit oriented location offers residents access to the Malden Center Orange Line stop located less than one mile away and is within three miles of Rte. 1 with access into Boston.
Horvath & Tremblay is one of the most active and successful investment real estate brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.
MORE FROM Owners Developers & Managers
Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting
Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
.png)
 (1).png)
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
 (1).png)