News: Retail
Posted: August 26, 2016
TRB Realty brokers $23.65 million sale of 120 and 130 Worcester Road
Thomas Blakely, TRB Realty
120 & 130 Worcester Road - Framingham, MA
Framingham, MA TRB Realty (TRB) negotiated the $23.65 million sale of the 184-room Magnuson Hotel Framingham and the British Beer Company restaurant at 120 & 130 Worcester Rd. (Rte. 9). The sale included the 96,206 s/f hotel and the 6,863 s/f freestanding restaurant all on 5 acres. The seller was 120 Worcester Corp. The buyer declined to be identified.
TRB founder and president, Thomas Blakely, CCIM said “The subject location is tremendous and well-known by investors, tenants and others for having one of the highest barriers to entry in the heart of one of the few super regional markets in Massachusetts. It doesn’t get better than this in Framingham on the golden mile section of Rte. 9…we are extremely pleased with the outcome of this transaction.”
TRB Realty was the sole broker.
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
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.
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.
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
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.