News: Front Section

Vinci of Pearce Real Estate handles $325,000 in sales

8 Independence Drive - Marlborough, CT

Virginia Vinci, 
Pearce Real Estate

Marlborough, CT According to Barbara Pearce, CEO and president of Pearce Real Estate, Virginia Vinci, senior commercial associate at the company’s Rocky Hill commercial office, has represented two separate deals at 8 Independence Dr.

First, units A and C with 4,288 s/f and 960 s/f, respectively, were sold for $275,000 to SG Mustang, LLC represented by Joe Scutnik of Gateway Associates, with the seller NRBZ, LLC represented by Vinci. The buyer is planning a total renovation that will be the new home of Marlborough Country Bakery, a long time local business relocating from another site in town.

Also, at 8 Independence Dr., unit D with 905 s/f sold for $50,000. The seller was NRBZ, and was represented by Vinci. The buyer, Ashley Meyer, was represented by Andrea Murray of Keller Williams Greater Hartford. The buyer is planning on opening a hair salon at the location.

Pearce Real Estate is a full-service real estate company with more than 100 agents and eight branch offices in greater New Haven and the shoreline. Commercial real estate offices are located in North Haven, Milford, and Rocky Hill.

 

MORE FROM Front Section
ODM

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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.