News: Brokerage

Vinci of Pearce Commercial Real Estate brokers two transactions for $3.25 million

Virginia Vinci,
Pearce Real Estate

Marlborough, CT According to Barbara Pearce, CEO and president of Pearce Real Estate, Virginia Vinci, senior commercial associate at the company’s Rocky Hill Commercial Office, has represented two separate deals at 8 Independence Dr.

8 Independence Drive - Marlborough, CT

First, units A and C with 4,288 s/f and 960 s/f respectively, were sold for $275,000 to SG Mustang, LLC represented by Joe Scutnik of Gateway Associates, with the seller NRBZ, LLC represented by Vinci. The buyer is planning a total renovation that will be the new home of Marlborough Country Bakery, a long time Marlborough business relocating from another site.

Also, at 8 Independence Dr., unit D with 905 s/f sold for $50,000. The seller was NRBZ, LLC represented by Vinci. The buyer, Ashley Meyer, was represented by Andrea Murray of Keller Williams Greater Hartford. The buyer is planning on opening a hair salon at the location.

MORE FROM Brokerage

Sullivan & Sullivan brings 14 Class A office condos to auction

Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
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.