TRB Realty News
997 Millbury Street, Worcester, MA:
3 OPTIONS:
1. Buy both units. 2. Buy individual units. 3. Buy both units-leaseback unit #4 to Seller for 3 years w/3 year option
Complete renovation (2019) “like new” of a historic property built in 1862 located in the center of Inman Square, adding 8 residential units within 2 new floors above “prime retail space” on the first floor with multiple MBTA Bus Routes, and also walking distance of the “Red Line”. Call for Offers
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.
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 completes another expert consulting assignment for Massachusetts Clean Energy Center.
Woonsocket, RI – TRB Realty announced that it has closed the $1,362,500 sale of a freestanding NNN Applebee’s Restaurant in Woonsocket, RI. Tom Blakely of TRB Realty represented the buyer and David McCarthy of The Dartmouth Company represented the Seller the sale of 1855 Diamond Hill Road, in Woonsocket, RI.