TRB Realty News

TRB Realty Brokers Sale & Transfer of The Stadium Portfolio in Allston, MA Negotiates 50-50 Joint Venture Transaction

Exclusively on behalf of Stadium Auto Body and Shodis Realty Trust, in a portfolio sale transaction that closed in October of 2016, TRB Realty announced today that it negotiated on behalf of ownership a 50-50 joint venture transaction with Mugar Enterprises, which resulted in the successful sale and transfer of the Stadium Portfolio (pictured above) on Western Avenue in Allston, MA to Western Avenue Joint Venture LLC, for a proposed redevelopment anticipated to be anchored by the construction of approximately 539,400 square feet of office and research and development uses. These uses will be designed to accommodate research companies in the biotechnology and life sciences industry. The project is also anticipated to include approximately 21,100 square feet of ground floor retail uses, 40 residential units, and approximately 1,900 square feet of civic space.

Thomas R. Blakely, CCIM and President of TRB Realty was the exclusive listing agent and sole broker in the portfolio sale transaction.

WEST CENTRAL PLAZA

FOR SALE – “Call for Offers”

TRB Realty is pleased to exclusively offer for sale West Central Plaza, a newly (2019) constructed 10,040 square foot convenience-oriented retail property with an internet resistant tenant-mix located at 471 W. Central Street (Route 140) in Franklin, MA.  This prominent, newly constructed and highly visible 100% leased property represents an attractive opportunity for investors. 

TRB Realty closes $2,395,000 sale w/C-21 Premier Group

Fairhaven, MA – TRB Realty announced that it has closed the sale of Fairhaven Plaza located at 32 Howland Road in Fairhaven, MA.  The property is a fully-occupied 10,284SF +/- retail strip situated on approximately 0.673 acres of land with pylon signage and abundant off street parking.

According to TRB President – Thomas R. Blakely, CCIM “it was a pleasure to exclusively represent ownership in the sale of Fairhaven Plaza in Fairhaven, MA.”

“My client, Nathan Ng, was amazing to work with and Thomas Blakely was the reason we were able to close this deal,” said Frederica Tassis, Buyers Agent, Broker/Partner, Century 21 Premier Group.

TRB Realty closes $2,999,999 sale of Town Plaza

Northbridge, MA – On behalf of J&N Whitinsville Trust, TRB Realty announced that it has closed the sale of Town Plaza, a fully-occupied, 31,745SF +/- retail strip plaza on 8.56 acres of land with pylon signage and abundant off street parking.

According to TRB President – Thomas R. Blakely, CCIM “It was a pleasure to exclusively represent ownership in the sale of Town Plaza in Northbridge, MA.  For many decades, the property has been a stable, well performing asset, and the future appears very bright for Town Plaza and its new owner.”

“Once again, TRB Realty has come through for us.  Tom’s thoroughness and professionalism are exemplary.  When on an assignment he takes the time to understand the property, the market, identify the potential buyers and see the transaction through to the closing,” said Lou Vinios of JPA Management LLC.

TRB Realty was the sole broker in the transaction.

12 Pond Street, Ashland, MA $1,280,000

Freestanding restaurant with redevelopment potential with less than 1 acre of land on a busy road very close to Framingham.  Many possibilities.

Digital Federal Credit Union (DCU) “SOLD” $3,925,000

Franklin, MA – On behalf of Naples North, LLC, TRB Realty announced that it has closed the sale of a Single Tenant Net Leased (STNL) Digital Federal Credit Union (DCU) located at 500 West Central Street (Route 140) in Franklin, MA.  A spectacular freestanding retail building constructed in 2007 with 2 drive-thru lanes sited on 1.529+/- acres of land with 50 off-street parking spaces.

According to TRB President – Thomas R. Blakely, CCIM “Quality construction, triple “A” location near Franklin Village Plaza and I-495 and a dominant regional tenant are a few of the attributes that begin to describe the DCU property in Franklin, MA, a trophy investment property that will fit nicely on the shelf for many years to come.  It was a pleasure to exclusively represent ownership in the sale.”

TRB Realty was the sole broker of record.