Peckham Boston Advisors completes 45,000 s/f sale for $3.55 million
John Peckham III CCIM, CIPS, RECS, founder of Boston-based Peckham Boston Advisors has completed the sale of the 45,000 s/f Stafford Station shopping center. The property was conveyed by 120 Stafford Street Limited Partnership to 120S LLC for $3.55 million and consists of retail and office space.
Peckham, long on the Boston and national real estate scenes, has brokered and closed on well over a billion dollars in income property.
Peckham completed the Stafford Station sale in cooperation with Worcester broker, Leon Resnick. Between them they are going strong with over 100 years in the real estate investment business. Peckham said that he also "enjoys doing real estate deals with young whipper snappers!"
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.