News:
Brokerage
Posted: August 25, 2017
NAI Norwood Group sells land in Kittery for $1.96 million
NAI Norwood Group
Kittery, ME NAI Norwood Group completed the sale of 1.96 acres located at 275 U.S. Rte. 1. The site was the former home of Maine’s original outlet center.
Greg Whalen of NAI Norwood Group represented the seller, KTP Shops LLC, in the transaction. It closed on July 27, in the amount of $1.96 million.
The site will be the new home of a Hampton Inn and Suites. The 32,000 s/f retail building currently residing on the site will soon begin the demolition process. This project has been a long time coming, for it went under agreement nearly three years ago.
MORE FROM Brokerage
Horvath & Tremblay sells Chipotle, Five Guys and Aspen Dental in Mansfield, CT for $5.827 million
Mansfield, CT Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of a three-tenant retail center. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $5.827 million.
.png)
Columns and Thought Leadership
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
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.
