Miller of Arnold Peck's Commercial World brokers $575,000 restaurant sale
Joan Miller, vice president of Arnold Peck's Commercial World, brokered the sale of 430 Boston Post Rd., the former Yoshida Japanese Restaurant. The owner of the building leased the 4,530 s/f building on a .36 acre parcel to family members who owned and operated the Japanese Yoshida for over 20 years and retired.
The owner, Ya Jung Kao Teng, sold the property for $575,000 to Joe and Ania Catalano, owners of Joey C's Roadhouse, BBQ and Mexican cuisine, of Milford. The new totally remodeled building will be a full service restaurant under the name of Joey C's Roadhouse with a bar, party rooms, expanded in-house and take-out menus and catering services.
Financing for the purchase of the building and the expansion of the business (SBA 504 Loan) was arranged by Mark Candido and Sandi Weber of Quinnipiac Bank and Gary Toole of CTCIC Connecticut Community Investment Corporation.
George Adams, Esq. of Harlow, Adams & Freidman law firm, Milford represented the seller, and Joseph Friedler of Friedler & Friedler, New Haven was the attorney for the buyers.
Charlotte and Leslie Goldblatt of Goldblatt Associates Commercial Real Estate were the brokers representing the buyers in the transaction.
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!
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 industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary