News:
Brokerage
Posted: January 25, 2019
O’Brien of O’Brien Commercial Properties negotiates $1.2 million sale and leases 15,000 s/f
Commercial Properties
Stow, MA Eric O’Brien, president of O’Brien Commercial Properties negotiated the recent sale of 108-118 Great Rd. for sellers, 108 Great Road Properties LLC and 118 Great Road Properties LLC
and buyer/investors Summer Street Properties LLC. 108 Great Rd. is a two-story office and retail strip center and 118 Great Rd. is a vacant restaurant building. The properties sold for $1.2 million.
In another transaction, O’Brien Commercial Properties, Inc. has secured a 15,000 s/f lease with OYO Toys Inc. at 108 Forest Ave. in Hudson. OYO has leased the first floor of the building and will operate its corporate headquarters from this location. O’Brien represented OYO Toys in this transaction.
MORE FROM Brokerage
Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
Quick Hits
Columns and Thought Leadership
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.
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.
