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Brokerage
Posted: February 24, 2017
Low of NAI Plotkin sells Rite Aid Plaza for $2.5 million
Holyoke, MA William Low, senior vice president of NAI Plotkin has sold the Rite Aid Plaza on Northampton St. for $2.5 million. Low represented the seller and procured the buyer. The 25,000 s/f center also has a Subway, a bank ATM and a convenience store as tenants.
“We had a lot of interest in the plaza and four offers. The owner accepted an offer from a well know local developer we knew would close,” Low said.
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Combined Properties renews 164,095 s/f lease to Conduent, Inc.
Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
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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.
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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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