Richard Pilla of Paramount Partners, LLC, in conjunction with Michael Purchia of BancRealty Advisors, have brokered the sale of 350 Front St., for the conversion of a former TD Banknorth branch facility to Cohasset-based Pilgrim Bank. The property sold for $2 million.
The team of Paramount Ptrs. and BancRealty are among NE's most active real estate firms advising regional banks and credit unions. The property consists of a free-standing 3,323 s/f bank branch and a 4-unit, 8,246 s/f retail building anchored by West Marine and Uncle Jon's Café. Pilgrim Bank's new office enhances its ability to support its commercial customers and serve south coast communities.
The seller, TD Banknorth, was represented by Rick Barnes of Seawatch Realty.