News:
Brokerage
Posted: January 22, 2015
Kinder of Coldwell Banker Commercial NRT brokers $5.75 million sale
225-229 Turnpike Road - Westborough, MAWestborough, MA Christina Kinder of Coldwell Banker Commercial NRT recently brokered the sale of 225-229 Turnpike Rd., a shopping center also known as Stagecoach Plaza, for $5.75 million.
The property, conveniently located at the intersection of Rtes. 9 and 135, is comprised of a 20.5 acre site with 34,719 s/f of retail next to a 12-screen Regal Cinema. The retail buildings includes the following tenants; Uno’s, Outback Steakhouse, Spa Tech Institute and Fun, Family & Friends F3, along with access to a parking lot with 875 parking spaces.
Kinder represented the seller, Northside Realty Trust. The property was purchased by Mobile Street Realty Trust.
“This is a desirable plaza with an ideal location where activity from nearby areas is robust and parking is plentiful,” said Kinder. “These factors were critical in helping to attract the buyer.”
MORE FROM Brokerage
Arnold of Mott & Chace Sotheby’s International Realty sells 17 Ferolbink Way for $4.5 million
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
Quick Hits
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
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
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.
