News:
Brokerage
Posted: January 28, 2022
Shea Commercial Properties brokers $1.975m sale of Red Tavern
Methuen, MA Shea Commercial Properties Inc., has completed the sale of the famous historic Red Tavern building along with the historic Masonic Lodge building located in Methuen Sq.
The Red Tavern functioned as a guest house for Edward Searles, prominent local millionaire, during the late 1800s and early 1900s. The Masonic Lodge served as the John Hancock Masonic Lodge place for Mason meetings.
Both buildings will be preserved and reconstructed using historic guidelines with many of the original architectural features remaining.
Sale price according to the registry of deeds was $1.975 million.
Harry Shea of Shea Commercial Properties, assisted the seller and the buyers Exordium Opco LLC in the purchase.
MORE FROM Brokerage
Sullivan & Sullivan brings 14 Class A office condos to auction
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.
Columns and Thought Leadership
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.
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.
September Promotion
