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Brokerage
Posted: March 31, 2023
O’Brien of Greater Boston Commercial Properties, Inc. represents buyer of 141,000 s/f building
Chelmsford, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the buyer of 63 Middlesex St. O’Brien acted on behalf of the buyer in the purchase of the 141,000 s/f industrial building to negotiate exceptional value at $3.153 million or $22 per s/f. O’Brien procured a new tenant for the buyer after the sale, HardTop Hotel, to lease 14,100 s/f on the top floor of the building. HardTop Hotel swaps out and stores soft and hard jeep tops seasonally for its clients.
O’Brien also negotiated the relocation of a number of the tenants within the building to accommodate the new tenant in order to be able to occupy 14,100 s/f of contiguous space.
Greater Boston Commercial Properties continues to market competitively priced space in the building on the ground floor, which is 14’ clear and is serviced both by tailboard loading docks and overhead drive-in doors.
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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
Quick Hits
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.
