Santoro of Kinlin Grover Commercial Group completes $2.6 million sale
Nat Santoro, CCIM of Kinlin Grover Commercial Group has sold the Seatoller Plaza, a fully tenanted 14,058 s/f strip center with two duplexes (4 units) for a total of 17,130 s/f. The purchase price for this 2.24 acre parcel was $2.6 million.
The property has sold to the anchor tenant Ace Hardware.
Santoro represented the buyer, and Gil Owren, a local broker and Attorney Anne-Marie Litchfield of Chatham, represented the seller.
The financing was provided by Charlie DeSimone of The Bank of Cape Cod.
Rumford, RI Sweeney Real Estate & Appraisal Sweeney negotiated a lease at 275 Newport Ave. Thomas Sweeney, SIOR and Jay Kern of Sweeney Real Estate & Appraisal represented Broadway
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.