Meyers of Paramount Partners negotiates sale of two parcels

Deborah Meyers of Paramount Partners, LLC negotiated the sale of two commercial parcels. 32 Nelson St. was purchased in January for $1.35 million by NL Real Estate Trust. Meyers and Coldwell Banker represented both the buyer and the seller on this transaction. This parcel directly abuts Nelson Park with views of Plymouth Harbor. The second transaction was the sale of 49 Obery St., directly across from the entrance to Jordan Hospital's main entrance, the Plymouth Country Registry of Deeds and the Plymouth County Courthouse. The 1.09 acre piece of land sold for $750,000 and will be used for the development of office and medical condos. Meyers represented both buyer and seller in this transaction.

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Horvath & Tremblay sells Trader Joe’s in Shelton for $7,882,639

Shelton, CT Bob Horvath, Todd Tremblay, Matt Nadler and Jack Laurendeau of Horvath & Tremblay have completed the sale of Trader Joe’s. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $7,882,639 which represents a 4.95% Cap Rate.

Rohrer and Scanlon of Colliers sell 140 Queen City Ave. - $7.5 million to RIO Holdings NH

Rohrer and Scanlon of Colliers sell 140 Queen City Ave. - $7.5m to RIO Holdings NH

Robinson and Norwood of NAI Norwood Group sell 21,780 s/f industrial for $1.445 million

Robinson and Norwood of NAI Norwood Group sell 21,780 s/f ind’l. for $1.445m

Russell and Nolan of Pearce close deal on 30,000 s/f industrial building

Pearce closes deal on 30,000 s/f industrial building

O,R&L Commercial brokers $4.05 million sale of The Preserve at Shuttle Meadow

O,R&L Commercial brokers $4.05m sale of The Preserve at Shuttle Meadow

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Combined Properties renews 164,095 s/f lease to Conduent, Inc.

Columns and Thought Leadership

End of the year retail thoughts - by Carol Todreas

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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.