Witkiewicz of Advance Realty and Smith of George J. Smith & Son broker $1.85 million sale
The Silo Restaurant located at 330 Main St. was recently sold. The sale price was $1.85 million.
The seller was M. F. Santorso and the purchaser was Tucker Farmington, LLC.
The site will be the future home of a CVS Pharmacy.
Nicholas Morizio, SIOR of Colliers International represented the purchaser. DeForest Smith, CCIM, SIOR of George J. Smith & Son, and Joel Witkiewicz, CCIM of Advance Realty CT, LLC represented the seller.
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.