News:
Brokerage
Posted: October 28, 2016
TRB Realty closes $3.32 million sale of Maple Corner Plaza
Thomas Blakely, TRB Realty
Maple Corner Plaza - Bellingham, MA
Bellingham, MA TRB Realty (TRB) has closed the $3.32 million ($485.54 per s/f) sale of Maple Corner Plaza located at the signalized intersection of 2 South Maple St. and Rte. 140. The sale involved a single-story, multi-tenant retail strip totaling 6,848 s/f situated on 1 acre.
Thomas Blakely, CCIM, founder and president of TRB said, “Quality 2008 construction, stable tenancy, prime location, just some of the attributes that describe Maple Corner, which traded to a very qualified and astute buyer. Both parties performed admirably…we are extremely pleased with the outcome of this transaction.”
TRB Realty was the sole broker.
MORE FROM Brokerage
Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
Columns and Thought Leadership
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.
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.
