Horvath and Tremblay of Marcus & Millichap Real Estate Investment Services broker $4.5 million sale
Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services, along with Andrew Bonica and Vin Albanese of Eastern Retail Properties have brokered the transaction of a Savers Retail Center located at 2035 Washington St. The sale was closed at a price of $4.5 million. The property was sold by Merchants Hanover Properties LLC, and purchased by 2035 Washington St. LLC.
The building located at 2035 Washington St., in a main retail corridor of the town. Savers, which occupies 20,000 s/f of the building, signed a new 10-year triple net lease. Peter Harris Clothes occupies the remaining 9,476 s/f of the building.
Washington St. (Rte. 53), boasts traffic counts of 23,900 vehicles per day. The property is near national retail tenants including Stop & Shop, Burger King, Uno's Chicago Bar and Grill, Sears, Wal-Mart and Bank of America.
With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is one of the largest firms specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 3,756 transactions in 2008, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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