McKinnon of Grossman negotiates $565,000 sale of 1,200 s/f building
The former Settles Glass building, one of the few available development parcels in Hingham Sq., has been sold.
The 1,200 s/f building on a 7,500 s/f lot at 6 Station St. near the corner of North St. was on the market for two days.
The announcement was made by Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., who represented the seller, Morton LLC, and procured the buyer, Six Station Street, LLC.
Haverhill, MA New England Realty Advisors LLC has completed the sale of 85-87 Summer St., an eight-unit multifamily property known as Summer Street Apartments, for $1.69 million. The transaction equates to a sale price of $211,250 per unit and reflects the strong, sustained investor appetite for well-located, cash-flowing multifamily assets in the Merrimack Valley.
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.