Commercial Properties
News: Retail
Posted: May 25, 2018
O’Brien and DeWolfe of Greater Boston Commercial Properties broker $3.6 million
Marlborough, MA Bret O’Brien and Tyler DeWolfe of Greater Boston Commercial Properties brokered the sale of 423 and 435 Lakeside Ave. The 9,348 s/f property sold for $3.6 million.
Commercial Properties
Commercial Properties
The property is located off of I-495 and consists of two free standing buildings. The larger building is 6,724 s/f and the smaller building is 2,624 s/f. The $387 per s/f is a high water mark for commercial real estate sales on a per s/f basis in the Rte. 495 market.
The remaining space is available for lease. Lakeside Ave. hosts several national branded hotels and supports a significant amount of retail trade within the surrounding area. The smaller building has a long-term lease to The Vitamin Shoppe.
Tags:
Retail
MORE FROM Retail
Retail
McEvoy of Conrad Group facilitates $9.5m sale of Sterling Plaza
Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.
Columns and Thought Leadership
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.
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.
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.