McCarthy of Daniel Flynn & Company arranged $1.28m sale of retail site
Broker Ryan McCarthy of Daniel Flynn & Co. has sold a 1.1 acre retail site at 519-521 Columbian St. The property was sold for $1.28 million. Currently, the property features a 10,000 s/f retail building. The new owners plan to redevelop the building to become Quincy Credit Union's first branch site outside of Quincy. The renovation project will significantly reconfigure the current space and will feature a drive-through.
Quincy Credit Union (QCU) CEO Stewart Steele said, "QCU board of directors feel that this new branch will provide added convenience to current members who live or work in the vicinity. Additionally, it is their goal to inform the neighboring communities about the many benefits of belonging to our credit union."
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.
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.
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.