Unison Realty Ptrs. buys McKinnon's Plaza in Sudbury for $6.122 million
Unison Realty Partners, an affiliate of ABC Overseas, Inc., has acquired McKinnon's Plaza, a 11,676 s/f community shopping center, for $6.122 million from Martin Bloom.
"We are extremely pleased to enhance our retail real estate investment program with the acquisition of a community center located in one of the most affluent suburbs of Boston. We will strive to make a positive contribution to the community and serve our tenants the best we can," said Karim Fadel, president of Unison Realty Partners. "The highly visible location at the intersection of Rte. 20 and Concord Rd., the quality of tenants, and the pristine condition of the property contributed to the desirability of McKinnon's Plaza."
McKinnon's Plaza includes two full-fledge branches of Citibank and Salem Five Bank, and cotenants McKinnon's Liquors, Ace Jewelers and a Joy Cleaners. There is one 500 s/f vacancy.
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.
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.
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.