News: Retail
Posted: August 24, 2018
Horvath & Tremblay sells One Framingham Centre for $7.9 million
Framingham, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay, have completed the sale of One Framingham Centre. Horvath and Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $7.9 million.
One Framingham Centre is a 38,543 s/f mixed-use property located at the intersection of Rte. 9 (Worcester Rd.) and Edgell Rd. The property features two renovated mixed-use, buildings and a newly constructed, free-standing IHOP restaurant with a 20-year ground lease. The center offers excellent visibility and signage with over two acres of land fronting Rte. 9 at a signalized intersection. One Framingham Center is currently 96% leased to a diverse mix of retail and office tenants.
Tags:
Retail
MORE FROM Retail
Retail
The Landing at Hyannis expands with additional retailers
Hyannis, MA The Landing at Hyannis continues its transformation with three new businesses joining its roster of retail and dining options. These brands, making their debut on Cape Cod, include fashion retailer Nordstrom Rack, physician-owned medical spa SkinMD, and eyewear retailer Warby Parker.
Columns and Thought Leadership
Village centers and local retail: What the market wants - by Carol Todreas
Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.
Keeping the “there” there - by Carol Todreas
New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.
Reimagining retail for the downtown - by Carol Todreas
Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.