The Hampshire Companies sell 20,000 s/f retail supermarket building
The Hampshire Companies, a full-service, private real estate investment firm, has sold a 20,000 s/f retail building located on Union St. to Hannaford Supermarkets.
Based in Scarborough, Maine, Hannaford Supermarkets operates over 180 stores and employs more than 27,000 associates in Maine, Mass., N.H., N.Y. and Vt. Hannaford is a Delhaize America company, and is owned by Belgian-based Delhaize Group, one of the world's largest food retailers.
"Hannaford's deep roots and long history in the grocer retail marketplace provided the company with the right insight to select Brandon, Vermont as its next location," said Robert Schmitt, a principal of The Hampshire Cos. "The building's ideal location near area highways and its structure suit the needs of Hannaford well, creating an excellent opportunity for bothHampshire and the purchaser."
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.
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.
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.