In 2011 NAPA (Genuine Parts Company) chose PATCO to renovate a 9,000 s/f location in Sanford, ME. They were so impressed with the renovation that they once again selected PATCO to build the company's 6,000 s/f store. The Waterboro location adds a new branch to the company, boosting employment in the area with all new employees and management.
There were a couple of challenges associated with this project. It was necessary to demolish an existing structure on the property prior to beginning site work, and blasting was also required for ledge removal.
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.
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.