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Brokerage
Posted: September 26, 2007
Platinum Team sells 95,600 s/f Dudley Plaza for $4.6 million
According to Laurence Ross, senior executive broker with the Platinum Team, the company has completed the sale of Dudley Plaza, a 95,600 s/f shopping center located at 414 Airport Rd., to a group of NYC based investors.
Located on 13 acres, this neighborhood center is well anchored by Park & Shop Supermarket since 1968, along with other major tenants such as Big Lots, Grossmans and Family Dollar. The property has undergone significant capital improvements over the last 5 years and is well positioned to capitalize on the surrounding developing area.
Just north of the Conn. border in Southern Worcester County, off I-395, the center offers visibility, highway access and parking. The property sold for $4.6 million at an approximate cap rate of 7.5 %.
The seller was Daniel Katz of Katz Properties.
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Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
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