Seadia of Investment Property Specialists sells strip mall for $2.5m
Michael Seadia of Investment Property Specialists, Inc. has sold a 15,144 s/f retail building located at 122 Turnpike Rd. with approximately 57,633 s/f of land.
Seadia was the sole broker in the transaction. The sale price was $2.5 million. The seller was Westboro Property Advisors, LLC.
Seadia will continue to work for the new owner as the exclusive leasing agent for the property.
Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
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.