News: Brokerage

The Koury Group of Marcus & Millichap arrange $13.2 million sale of CVS store

Springfield, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the sale of a 19,000 s/f CVS located at 615 Belmont Ave., according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $13.2 million.

Senior managing director James Koury and associate Alex Quinn, retail investment specialists in Marcus & Millichap’s Boston office, exclusively represented the seller and procured the buyer.

The Koury Group has been enjoying a banner year with five retail deals closed since March 1, totaling over $115 millon with another nine centers either under agreement or in the market for sale.

MORE FROM Brokerage

Kelleher and Pentore of Horvath & Tremblay handle $3.3m sale of Jason Arms, a 12 unit multi-family property

Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Jason Arms, a 12 unit multi-family property. Horvath & Tremblay exclusively represented the seller and sourced the buyer in the transaction. The asset sold for $3.3 million.
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The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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

End of the year retail thoughts - by Carol Todreas

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