Manchester, NH Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have completed the sale of a Taco Bell and Aroma Joe’s. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.811 million. Taco Bell and Aroma Joe’s are located at 525 Hooksett Rd.
Newburyport, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale of 38,500 s/f industrial facility for $4.25 million.
Boston, MA An affiliate of Miami-based Azora Exan has acquired 149 Newbury St. from the property’s developer, Chicago-based L3 Capital. The property sold for $101 million according to public record. The per s/f price of $2,321 for the five-story mixed-use property
Somerset, MA Boston Realty Advisors (BRA) represented Audubon Road Associates in the sale of Shawomet Gardens, a community of 240 handsome garden residences. The sale price was not disclosed.
Williamstown, MA According to Skanska, a leading global construction and development firm, its program management and consulting group, Skanska Integrated Solutions (SIS), is serving as the program manager for the construction of the Williams College Museum of Art. Situated on a 6.75-acre site, the new museum will be 76,800 s/f
Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of a six-unit property. The desirable asset sold for $4,100,000 which represents a 5.58% Cap Rate and $683,333 per unit. Kelleher and Pentroe represented the seller, The Mount Vernon Company, in the transaction.
Boston, MA JLL Capital Markets has hired Tom Hovey as director, joining the JLL Northeast Industrial Capital Markets Investment Sales and Advisory team.
Cambridge, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, has signed a long-term lease extension with TIAA, The Teachers Insurance and Annuity Association of American-College Retirement Equities Fund at 95 Mount Auburn St.
Little Compton, RI Mott & Chace Sotheby’s International Realty completed the sale of 21 Atlantic Dr., for $6.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace Sotheby’s International Realty.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
