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
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,
.png)
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
