NAI Hunneman, a leading provider of commercial real estate services, recently brokered the sale of the Marrett Square retail shopping center for $2.52 million to Stone River Properties LLC.
NAI Hunneman brokers Robert Tito Sr., executive vice president/principal; and Gina Barroso, sales associate, represented seller Camblex Realty Trust in the transaction as well as procured buyer Stone River.
Located on Marrett Rd., Marrett Square is a high-exposure retail shopping center occupied by regional and local tenants such as Anton's Cleaners, Boston Nail & Spa, Blue Vintage Salon and Royal Pastry. The 16,791 s/f retail center is located 1.5 miles from I-95 and 0.5 miles from Lexington Center.
"With its location along Route 2A in Lexington, one of nation's most historic, affluent and desirable suburban locations, Marrett Square is truly a unique retail property," said Tito.
"A strong roster of well-established tenants also contributed to making Marrett Square an extremely desirable investment for its new owners. The property was highly sought-after with more then 10 bids at the 'call for offers' date."
NAI Hunneman's Investment Services Group, which includes Robert Tito Sr., David Ross, Carl Christie, Scott Dragos, Doug Jacoby, Gina Barroso, Dan McGee, Mitch Levey, Henry Lieber and Robert Tito Jr., specializes in the representation of both owners and purchasers of investment properties in Greater Boston and throughout New England.