News: Brokerage

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.
MORE FROM Brokerage

Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million

Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million.  827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

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

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.