News: Front Section
Posted: October 18, 2019
Horvath & Tremblay handles $13 million sale of The Shopping Center at Home Depot Plaza
Plymouth, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of The Shopping Center at Home Depot Plaza. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $13 million.
The Shopping Center at Home Depot Plaza is located at 21-43 Home Depot Dr. and was constructed in 2002. The 100% leased shopping center contains 42,721 s/f of gross leasable area on a 5.505 acre lot. Over 77% of the tenants have been located at the property since its completion. Several tenants have recently demonstrated their commitment to the location by extending their lease terms including West Marine, AT&T Wireless, The UPS Store and AAA. Additionally, Long Pond Pizza Factory recently expanded their space and extended their lease term through 2028.
The Shopping Center is located near exit 5 on Rte. 3, the primary highway connecting Boston with the South Shore and Cape Cod. Vehicle traffic counts along Rte. 3 at exit 5 average 132,000 vehicles per day. The shopping center is located in a well-established retail trade area.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,