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Brokerage
Posted: November 25, 2022
Saulnier of MANSARD completes $5.8 million sale of Parkhill Plaza
Fitchburg, MA Taylor Saulnier, CCIM of MANSARD facilitated the sale of Parkhill Plaza, a 55,000 s/f retail center in for $5.8 million. MANSARD represented the seller, Aubuchon Realty Company and the buyer, A1Q Park Hill Plaza via a private sale process.
The three building sale features 20+ tenants and a valuable array of services. The anchor tenant, Aubuchon Hardware executed a 10 year lease showing their commitment to the site. The sale included three buildings and a pad site which can accommodate a future retail development. Parkhill Plaza was one of the corporations oldest holdings which they expanded over the years, with the most recent pad site being sold to Cumberland Farms.
Parkhill Plaza serves as a true service provider to the local community. The rent roll features a valuable e-commerce-proof tenant mix with tenants that have been serving the local community for decades. This neighborhood center has been chosen by various national tenants such as CVS, Cumberland, Dunkin, Davita Dialysis, Family Dollar & more, proving that the site is designed to support various industries from medical to retail.
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O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
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Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
