News:
Brokerage
Posted: February 23, 2018
SVN | Parsons Commercial Group purchases retail plaza for $3.5 million
Ashland, MA SVN | Parsons Commercial Group | Boston purchased the retail plaza at 310 Pond St. for $3.5 million. The building consists of 31,000 s/f with a 5,000 s/f free-standing building located at the front of the property.
SVN | Parsons Commercial Group also secured a long-term deal with Habitat For Humanity – ReStore, a nonprofit home improvement store and donation center that sells new and gently used furniture, appliances, home accessories, building materials and more to the public, at a fraction of the retail price.
Domino’s will remain a tenant on the end cap, while Garrett Quinn of SVN Parsons Commercial Group will be focused on leasing the remaining retail suites. SVN | Parsons Commercial Group currently owns and operates the Ledgemere Plaza, which is adjacent to 310 Pond St., with over 280,000 s/f over seven buildings.
Quinn represented the buyer in the purchase. The seller was Saxon Partners, a real estate investment, development, and management firm located in Hingham. Richard Diamond of The Diamond Group represented the seller.
MORE FROM Brokerage
Arnold of Mott & Chace Sotheby’s International Realty sells 17 Ferolbink Way for $4.5 million
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.
