New England Retail Properties to market 2,531 s/f former Friendly's
New England Retail Properties, Inc. has been selected to exclusively represent the landlord in marketing the former Friendly's Restaurant located at 620 West Main St.
The 2,531 s/f building sits on .66 of an acre as an outparcel to the Marcus Plaza, home to ShopRite, Rite Aid, TJ Maxx, Rent-A-Center, Payless Shoe, Sally Beauty and more. The location is less than a mile from I-395.
Other area tenants include WalMart, Backus Hospital, Staples, Town Fair Tire, Walgreens, CVS Pharmacy, Eblen's and more.
Springfield, MA Michael Bradley of Horvath & Tremblay has arranged the sale of the Belmont Portfolio, a six property, 78 unit multi-family portfolio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9.5 million.
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.