Simson and Fellah of HK Group sell 950 Post Road East for $3.75 million
Bill Simson, vice president, and Franco Fellah, executive vice president at HK Group, have finalized the sale of the property at 950 Post Road East, for $3.75 million. HK Group represented the buyer, Forstone Capital, LLC, while Tim Gibbons of First Street, Inc. represented the seller Humble Westport, LLC.
The 950 Post Road East building is currently leased to Men's Wearhouse, Inc. a national clothing retailer. The 6,843 s/f retail building was built in 1989 and sits on a 0.64 acre lot zoned HSD - Highway Service District.
Attorney Andrew Cohen, Esq. of Leland, Parachini, Steinberg, Matzger & Melnick, LLP - San Francisco, CA represented the seller, attorney Charles Spiess, Esq. of Diserio, Martin, O'Connor & Castiglioni, LLP represented the buyer.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.