News: Retail

SVN | Parsons completes $2.3 million sale of 17,00 s/f mixed-use property

Sudbury, MA SVN | Parsons Commercial Group | Boston has completed the sale of a 17,000 s/f mixed-use building at 615 Boston Post Rd. to VTT Holdings LLC for $2.3 million.

Senior advisor, Jake Parsons of SVN | Parsons Commercial represented the seller, Romex Holding Realty Trust. Senior Advisor, Marilyn Santiago of SVN | Parsons Commercial represented the buyer, VTT Holdings LLC, in the transaction. 

615 Boston Post Rd. is a 17,000 s/f free standing retail strip center known as Dudley Square located on Rte. 20. This building consists of office and retail tenants including a hair salon, tobacco shop, audio/video store, auction house, picture frame retailer, café and an attorney’s office. There are currently two office spaces available for lease.

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Columns and Thought Leadership
Reimagining retail for the downtown - by Carol Todreas

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 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.

Village centers and local retail: What the market wants - by Carol Todreas

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

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.