News: Brokerage

Summit Realty Partners represents seller in $1.3 million sale of restaurant space

 

Acton, MA Summit Realty Partners, Inc, have arranged the recent sale of 20 Nagog Park to MAG RE Holdings – Acton LLC for $1.3 million. The 3,600 s/f freestanding restaurant building at the entrance to Nagog Park was vacant at the time of the sale. This sale follows MAG’s acquisition of the Nagog Mall in late 2022 which Summit Realty Partners also brokered. The new property owner has engaged Summit Realty Partners to market the property for lease in cooperation with Crandall Group. The property owner is looking for a restaurant that is interested in leasing the building to take advantage of the existing restaurant infrastructure and the location at the intersection entrance to Nagog Park seeing 16,000 vehicles per day. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the seller, KVA NAGOG LLC and Wendy Crandall Mauriello of Crandall Group represented the buyer.

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Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

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