News: Brokerage

Klein, Grant and Fresolone of Marcus & Millichap arrange sale of 9,600 s/f industrial property for $2.05 million

Hopedale, MA Marcus & Millichap has completed the sale of 10 Charlesview Rd., a 9,600 s/f small-bay industrial property for $2.05 million. 

“We had incredible interest in this purpose built, modern, small bay asset,” said Harrison Klein, managing director investments in Marcus & Millichap’s Boston office. “This sale is indicative of the demand we’re seeing from investors for quality small bay space.” 

Klein, along with Marcus & Millichap’s Michael Grant and Anthony Fresolone represented the seller, a private developer and procured the buyer, a private investor. 

Built in 2018, the property consists of six 1,600 s/f units on 4.58 acres. Each suite includes a private office and restroom, separately metered utilities and drive-in loading. The building features 17- to 18-ft. clear heights, six drive-in doors and 36 parking spaces. The property is located 2.5 miles from I-495, providing access to Boston, Worcester and Providence. 

MORE FROM Brokerage

Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

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

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.