Mowers of C&W and Foote of OR&L cobroker $275,000 retail/office sale
Grubb & Ellis Company, a leading real estate services and investment firm, recently brokered a $275,000 retail/office deal. CHL Realty Trust has sold a 5,400 s/f building at 327 Main St. to XDF Computer Systems, a premier professional services firm providing network integration and systems support.
The building is located on .41 acre of land and has frontage on both Main St. and West St.
The acquirement allows the purchaser to now better serve its clientele and meet the needs of its growing business.
Kim Mowers, senior vice president of the Grubb & Ellis Stamford office, represented the seller and Stephen Foote, vice president of OR&L Commercial, Rocky Hill, represented the buyer in the transaction.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.