TRB Realty News

620 Cambridge – Cambridge, MA

TRB Realty working collaboratively with NAI Hunneman announced that it has been retained exclusively to sell 620 Cambridge Street in Cambridge, MA.  A complete “gut renovation” of a 2-story mixed-use building with (4) 2 bedroom apartments above 2 handicap accessible retail spaces (City Liquors and PLUG).  The offering represents an exciting opportunity to acquire an approximately 8,201SF mixed-use building in Cambridge, MA.

Horace Mann Square “SOLD”

TRB Realty announced that it has been retained exclusively to sell Horace Mann Square in Franklin, MA.  A fabulous, newly constructed retail strip center with 5 tenant spaces located at 150 Emmons Street & Route 140.  The offering represents an exciting opportunity to acquire a 9,156SF brand new retail strip center with pylon signage and 37 off street parking spaces.

DCU – Federal Credit Union

TRB Realty announced that it has been retained exclusively to sell DCU Federal Credit Union in Franklin, MA.  Ideally suited for a 1031 exchange buyer, the offering represents an exciting opportunity to acquire a 6,246SF Single-Tenant Net Leased retail building with approximately $126,000,000 in deposits alone at this branch location.

TRB REALTY HONORED WITH 2016 COSTAR POWER BROKER AWARD

Local Firm Selected by Commercial Real Estates Largest Research Organization as One of the Top Sales Firms in the Market

WALTHAM, MA – 3/20/2017 – TRB REALTY – Certified Commercial Investment Brokerage has been selected by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, to receive a CoStar Power Broker TM Award. This annual award recognizes the best of the best in commercial real estate brokerage by highlighting the firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases in 2016 within their respective markets.

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SOLD: $14,750,000 “Historic” East Boston Building

East Boston, MA – TRB Realty (TRB) founded in 2003, announced that the $14,750,000 sale of 183 Orleans & 151-155 Porter Street, East Boston, MA has closed.

TRB Realty represented the Buyer in the transaction.

TRB Realty attends 2016 New York ICSC Conference & National Deal Making Event

TRB Realty announced that it attended the 2016 ICSC New York Conference & National Deal Making Event held at the Jacob K. Javits Convention Center in New York City, on December 5th-6th, 2016.

The mission of the International Council of Shopping Centers (ICSC) is to advance the shopping center industry and promote its role in the commercial distribution of consumer goods and services. The ICSC annual events are a great opportunities for owners, developers, retailers, brokers, lenders, municipalities, property asset managers, and product and service providers to gather under one roof to exhibit, make deals and form successful business partnerships.

Thomas R. Blakely, CCIM, President, and Founder of TRB Realty has been a member and an active participant of the ICSC organization for many years beginning in the late 1990’s.

TRB Realty closes $3,325,000 sale of Maple Corner Plaza

SELLER – MAPLE CORNER, LLC

TRB Realty closes $3,325,000 retail sale. 

Bellingham, MA – TRB Realty (TRB) founded in 2003, announced that it has closed the $3,325,000 ($485.54/SF) sale of Maple Corner Plaza located at the signalized intersection of 2 South Maple Street and Route 140 in Bellingham, MA.  The sale involved a very high quality, single-story, multi-tenant retail strip totaling 6,848 s/f situated on over 1 acre of land.

TRB is led by its Founder and President, Thomas R. Blakely, CCIM. “Quality 2008 construction, stable tenancy, prime location and a reliable rate of return are just some of the attributes that describe Maple Corner, which traded to a very qualified and astute buyer.  Both parties performed admirably…and we are extremely pleased with the outcome of the transaction”, said Tom Blakely.

TRB Realty was the sole broker in the transaction.

TRB Realty closes $23,650,000 sale of Framingham Hotel & British Beer Company

SELLER, 120 WORCESTER CORP.

TRB Realty closes $23,650,000 sale of 182 Rooms and 96,206 s/f, and the 6,863 s/f British Beer Restaurant 

Framingham, MA – TRB Realty (TRB) founded in 2003, announced that it has closed the $23,650,000 sale of The Framingham Hotel and British Beer Restaurant located at 120 & 130 Worcester Road (Route 9) in Framingham, MA (5 acres).

The sale included several hotel buildings totaling 96,206 s/f with 182 guest rooms.  In addition, (1) freestanding British Beer Company restaurant totaling 6,863 s/f.

TRB is led by its Founder and President, Thomas R. Blakely, CCIM. “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 Route 9…we are extremely pleased with the outcome of this transaction”, said Tom Blakely.

TRB Realty was the sole broker in the transaction.

TRB Realty closes $5,010,000 sale of 46,263 s/f

BUYER, AUBUCHON REALTY, INC.

TRB Realty closes $5,010,000 sale of 46,263 s/f

Marlborough, MA – TRB Realty (TRB) has closed the $5,010,000 sale of Marlborough Village Plaza located at 486, 488, 496, 500 Boston Post Road (Route 20) in Marlborough, MA. TRB Realty exclusively represented the seller, Marlborough Village Plaza LLC and procured the buyer, Aubuchon Realty, Inc., in the transaction.

The sale included (1) office building and (3) retail buildings, totaling 46,263SF situated upon approximately 3.5 acres of land.

TRB Realty’s certified commercial investment brokerage is led by it’s Founder and President, Thomas R. Blakely, CCIM. “We are pleased with the outcome of the transaction and to have been retained by ownership for the second time in 1 year to provide commercial real estate brokerage services on an exclusive basis – the buyer performed admirably”, said Tom Blakely.

 

TRB Realty closes $2,000,000 sale – Allston, MA

TRB Realty would like to congratulate our client, Mr. David Stoia, on the purchase of 445 Cambridge Street, Allston, MA – a 5,512SF two-story commercial building situated on 7,966SF of land from, 445 Cambridge Street LLC.  Tom Blakely of TRB Realty represented the buyer, Bob Tito of NAI Hunneman represented the seller.