News
TRB & Associates announced that it has completed 2 strategic leasing assignments on behalf of Armstrong Ambulance.
TRB & Associates announced that it has successfully completed the $2,975,000 sale of Ranger Plaza (McDonald's, TDBank ATM, Dunkin Donuts, Outback Steakhouse) located on Pelham Street in Methuen, MA. TRB & Associates exclusively represented the Seller in the sale and procured the Buyer.
TRB & Associates announced that it has been retained to market for lease a dominant retail location (2.5 acre development site) in Mendon, MA located at a highly-visible, high-traffic, signalized intersection.
TRB & Associates announced that it has been retained to perform multiple, portfolio-related, opinions of value for a local ownership entity.
TRB & Associates announced that Ranger Plaza is under contract and the closing is imminent. The closing has taken place.
TRB & Associates has been exclusively retained to sell Ranger Plaza located at Exit #47 off of I-93 in Methuen, Massachusetts.
TRB & Associates has been exclusively retained to sell two (2) properties located at 800 Boylston Street & 845 Boylston Street (Route 9) in Brookline, Massachusetts.
TRB & Associates announced that it successfully completed the $6,000,000 sale of 127,460SF Wallace Plaza Shopping Center & Storage Facility located on John Fitch Highway in Fitchburg, MA. TRB & Associates exclusively represented the Seller, Kent Realty Fitchburg LLC in the sale.
TRB & Associates has broken ground at 144-146 Lincoln Road in Lincoln, MA. Construction has commenced involving an expansion of a freestanding office/retail building and a new second floor office addition is being added. First floor retail spaces and new second floor office suites are being developed and are available for lease in what is one of the most affluent areas of Massachusetts. Lincoln Village is located in the heart of Lincoln Center near the Mall at Lincoln Station next to the commuter rail and only 2 miles away from Routes 2 & 128.
TRB & Associates announced that it successfully completed the $3,650,000 sale of the Monticello Motel on Route 9 in Framingham, MA. TRB & Associates exclusively represented the Seller, M Hotels LLC in the sale.
TRB & Associates has been exclusively retained to sell the 45,000SF "Trophy" Executive Center office building located at 1000 Franklin Village Drive in Franklin, MA.
TRB & Associates announced that it successfully completed the $3,000,000 sale of 532-542 Pleasant Street in Watertown, MA; 3-buildings situated on a 1-acre parcel of land.
TRB & Associates announced its acquisition of three commercial properties in downtown Lincoln, Mass. It plans to move its offices to Lincoln, Mass by the end of 2007. TRB plans to hire several senior leasing and investment sales brokers in 2008.
TRB & Associates has been exclusively retained by Duffy Associates to lease 6,000 SF of retail space at 411 Waverly Oaks Road. TRB also handles the retail leasing for Duffy Associates at 475 Winter Street in Waltham, MA and has 6,623 SF of prime retail space available.
TRB & Associates has been exclusively retained to sell the Wallace Plaza Shopping Center & Storage Facility for $6,400,000.
TRB & Associates announced that it successfully completed the sale of 2 shopping centers in separate transactions; Cumberland Plaza in Manchester, NH and Belfast Plaza in Belfast, ME.
TRB & Associates announced that it successfully completed the $4,050,000 sale of Carver Crossing shopping center for The Hecht Company.
Press Releases
FOR IMMEDIATE RELEASE:
Friday, November 20, 2009
(Blakely of TRB & Associates brokers sale)
TRB & Associates announced that it has successfully completed the $2,975,000 sale of Ranger Plaza (McDonald's, TDBank ATM, Dunkin Donuts, Outback Steakhouse) located on Pelham Street in Methuen, MA. TRB & Associates exclusively represented the Seller in the sale and procured the Buyer.
FOR IMMEDIATE RELEASE:
Thursday, July 24, 2008
(Blakely of TRB & Associates brokers sale)
Kent Realty Fitchburg LLC sells
Wallace Plaza Shopping Center – Fitchburg, MA
For $6,000,000
FITCHBURG, MA – TRB & Associates has brokered the sale of 353 John Fitch Highway Wallace Plaza Shopping Center & Storage Facility located in Fitchburg, MA for $6 million. The 127,460SF plaza is anchored by Market Basket and Big Lots.
Thomas R. Blakely, CCIM and President of TRB & Associates based in Lincoln, MA, exclusively represented the seller Kent Realty Fitchburg LLC in the transaction. David Lenger of Keller Williams Realty represented the buyer who plans to re-tenant and improve the property.
“TRB & Associates is extremely pleased to have been selected by Kent Realty LLC to represent ownership on an exclusive basis and to have closed a very complicated transaction that involved a loan assumption with Wells Fargo, which says a mouth full! We are proud of our nearly 100% closing ratio and strong track-record of results. When a property is listed with TRB & Associates a full-scale marketing attack takes place, like no other, throughout the investment community until a mutually beneficial closing takes place” said Thomas R. Blakely.
FOR IMMEDIATE RELEASE:
Tuesday, March 25, 2008
(Blakely of TRB & Associates brokers sale)
M Hotels LLC sells
90 Worcester Road (Route 9) – Framingham, MA
For $3,650,000.
FRAMINGHAM, MA – TRB & Associates has brokered the sale of 90 Worcester Road “The Monticello Motel” located on Route 9 in Framingham, MA for $3.650 million. The 63 guest room motel is situated in the heart of Framingham’s Route 9 “Golden-Mile” corridor. The site is strategically located on the eastbound side of Route 9, diagonally across from the Natick Mall and directly across from Shopper’s World and Wal-Mart at the base of Jordan’s Furniture and immediately next to DeScenza Diamonds, Tweeter, Bed Bath and Beyond.
Thomas R. Blakely, CCIM and President of TRB & Associates based in Lincoln, MA, exclusively represented the seller M Hotels LLC in the transaction. Paul Carter of The Carter Group LLC provided consulting services to the buyer who plans to redevelop the site. TRB & Associates and The Carter Group have been appointed as the leasing agents for the new retail development
FOR IMMEDIATE RELEASE:
Monday, January 14, 2008
(Blakely of TRB & Associates brokers sale)
A. Russo & Son’s acquires 532-542 Pleasant Street in Watertown, MA for $3,000,000.
WATERTOWN, MA. – A. Russo & Son’s has acquired 532-542 Pleasant Street in Watertown, MA for $3,000,000. The property is located in a strategic section of Watertown near Newton and Waltham, close to Stop & Shop, Repton Place, Shaw’s plaza in Waltham and more.
The transaction was brokered by Thomas R. Blakely, CCIM and President of TRB & Associates located in Lincoln, MA. TRB exclusively represented the seller and procured the buyer after an extensive and complete marketing process, which produced one of the highest prices ever paid for a comparable parcel of land.
“I am very pleased that TRB & Associates was the brokerage firm of choice and to have provided commercial real estate brokerage services on an exclusive basis”, said Blakely.
FOR IMMEDIATE RELEASE:
Friday, August 10th, 2007
THE HECHT COMPANY SELLS CARVER CROSSING SHOPPING CENTER FOR $4.05 MILLION
CARVER, MA. - The Hecht Company has sold Carver Crossing shopping center, a 26,503 SF single-story retail strip center located at 96 N. Main Street (Route 58) in Carver, Massachusetts. The property, built in 1989, is 86% leased with a balanced mix of tenants including Blockbuster, Honey Dew, Quizno�s, Century 21 and seven others.
The property is located near the new Route 44 and it is situated along a very busy stretch of Route 58, which has approximately 21,000 cars passing by each day. Carver Crossing has tremendous visibility and accessibility and it is strategically connected to the new Shaw�s Plaza and freestanding CVS Pharmacy.
Thomas R. Blakely, CCIM and President of T.R.B. & ASSOCIATES, INC., located in Newton, MA, brokered the transaction. TRB exclusively represented the seller and procured the buyer after an extensive and complete marketing process.
"We truly appreciated how thorough and tenacious TRB & Associates was even when the going got tough, a sense of humor when it was needed and above all, Tom Blakely�s consummate professionalism", said Ken Hecht - Principal, Linda Adams Chateauneuf - CFO and Maria Higgins - Senior In-House Counsel of The Hecht Company (Seller).
"The Hecht Company and ownership entity are an extremely well-known, professional group of knowledgeable and respected individuals in the commercial real estate marketplace both here in New England and beyond. I am very pleased that TRB was the brokerage firm of choice and to have provided commercial real estate brokerage services to the Hecht Company and their partners on an exclusive basis - it was a pleasure to work with them again", said Blakely.
FOR IMMEDIATE RELEASE:
Friday, July 6, 2007
RHODE ISLAND INVESTOR ACQUIRES CUMBERLAND FARMS PLAZA IN MANCHESTER, NH FOR $220/SF
Manchester, N.H. - TRB & Associates of Massachusetts has brokered the sale of Cumberland Farms Plaza located at 217 Union Street in Manchester, NH. A Rhode Island investor, who requested anonymity, paid approximately $220/SF. The strip center is strategically located in a densely populated section of Manchester, New Hampshire. Thomas R. Blakely, CCIM and President of TRB & Associates of Massachusetts, located in Newton, MA exclusively represented the seller and procured the buyer.
"The buyer recognized the property's many fine attributes and he quickly stepped up to the plate to complete the transaction, which was part of a 1031 exchange. Ownership's fine job of managing and maintaining the property was one reason we were able to negotiate such a high price per square foot for the property. Our company is licensed in Massachusetts, Connecticut, Maine and New Hampshire and we look forward in the coming years to continue to service the needs of buyers and sellers throughout these regions of New England. I am very pleased with the outcome of the transaction," said Blakely.
FOR IMMEDIATE RELEASE:
Thursday, June 14, 2007
BLAKELY OF TRB & ASSOCIATES, INC. LEASES RETAIL SPACE IN WALTHAM TO BANK OF AMERICA
Waltham, MA. - TRB & Associates, Inc. represented the landlord Duffy Associates in a lease of retail space to Bank of America at 475 Winter Street in Waltham, MA. "It pleases me to represent the Landlord with their retail leasing needs and to have procured a very nice tenant-mix for their property" said Thomas R. Blakely, CCIM and President of TRB & Associates, Inc. The building is strategically located at a prime location along Route 128 in Waltham where no comparable retail space exists. Winter Street is heavily traveled and it is also fed by the tremendous amount of travelers exiting from Route 128. This fantastic location is convenient to all surrounding areas and it is clearly a great spot for any tenant of substance.
FOR IMMEDIATE RELEASE:
Monday, June 11, 2007
BELFAST HOLDINGS, LLC ACQUIRES 18,927 SF RETAIL STRIP PLAZA IN BELFAST, MAINE
BELFAST, ME - TRB & Associates, Inc. has brokered the sale of Belfast Plaza located at 138 Main Street in Belfast, ME to Belfast Holdings, LLC. The retail strip center is an approximately 18,927 SF retail strip, strategically located in the central business district of Belfast, Maine immediately adjacent to the Camden Bank and the U.S. Post Office. Thomas R. Blakely, CCIM and President of TRB & Associates, Inc., located in Newton, MA exclusively represented the seller and procured the buyer.
"The seller was able to take advantage of a strong demand for retail properties in a market where there is a true lack of supply. Our company is licensed in Massachusetts, Connecticut, New Hampshire and Maine, and we look forward in the coming years to continue to service the needs of buyers and sellers throughout these regions of New England. I am very pleased with the outcome of the transaction," said Blakely.
FOR IMMEDIATE RELEASE:
Thursday, April 5, 2007
BLAKELY OF TRB & ASSOCIATES, INC. (FORMERLY OF FINARD & COMPANY � NOW KNOWN AS KEYPOINT PARTNERS) SELLS WILLOWPLACE SHOPPING CENTER FOR HARLCO L.P.
HARLCO L.P. SELLS WILLOWPLACE SHOPPING CENTER & WOODWORKERS WAREHOUSE LOCATED IN NORTH CONWAY, NH FOR $3 MILLION
N. Conway, NH - St. Johnsbury Realty Trust has acquired Willowplace Shopping Center and Woodworkers Warehouse in N. Conway, NH for $3,000,000. Thomas R. Blakely, CCIM and President of TRB & Associates, Inc., (www.trbassociates.com) located in Newton, MA, formerly V.P. of investment sales at Finard & Company LLC, now known as Keypoint Partners, located in Burlington, MA - with cooperation from Brandt Atkins of NHREMB, facilitated the sale and closed the transaction/marathon which began in 2000.
TRB & Associates, Inc. is a certified CCIM commercial real estate brokerage office specializing in substantial investment sales and retail leasing. The company was formed in 2003 and has handled hundreds of millions of dollars in commercial real estate transactions, proudly servicing the needs of many institutional and private clients.
FOR IMMEDIATE RELEASE:
Friday, November 30, 2006
LINEAR RETAIL ACQUIRES NORTH MAIN PLACE IN FALL RIVER, MASS. FOR $1,825,000
Fall River, MA - Linear Retail has acquired North Main Place in Fall River, Massachusetts for $1,825,000. The Fall River property is an approximately 19,020 square foot retail strip shopping center located off of Route 24 (Exit #8) on North Main Street in Fall River, Massachusetts. The shopping center was 86% leased at the time of sale to a balanced-mix of "convenience-oriented" retail tenants. Thomas R. Blakely, CCIM and President of TRB & Associates, Inc. located in Newton, MA, facilitated the sale and was the sole broker in the transaction.
According to Blakely "Linear Retail understood the attributes of North Main Place, and its strategic location in northern Fall River, adjacent to Riverview Marketplace, a 100,000SF Shaw's anchored shopping center that we/TRB also brokered for $11,000,000 a few years ago in an un-related transaction. Linear Retail was astute in their analysis, which led to their successful acquisition. I have to give Linear Retail high marks for their professional conduct and diligent performance. Linear, TRB and the Seller overcame certain challenges by working together. I am very pleased with the outcome of the transaction," said Blakely.
TRB & Associates, Inc. is a certified CCIM commercial real estate brokerage office specializing in substantial investment property sales and retail property leasing. The company was formed in 2003 and has handled hundreds of millions of dollars in commercial real estate transactions, proudly servicing the needs of many institutional and private clients.
FOR IMMEDIATE RELEASE:
Thursday, November 30, 2006
BOBSON ACQUISITION, LLC PURCHASES 90 WORCESTER RD. (RT. 9) FRAMINGHAM, MASS. FOR $3.1 MILLION
FRAMINGHAM, MA - TRB & Associates, Inc brokered the sale of 90 Worcester Road (RT. 9), "The Monticello Motel," in Framingham, MA for $3.1 million to Bobson Acquisition, LLC. The approximately 50-guestroom motel is situated in the heart of Framingham's well-known Route 9 "Golden-Mile" corridor, which is one of the strongest regional retail markets in Massachusetts. The site is strategically located on the eastbound side of Route 9, diagonally across from the Natick Mall and directly across from Shopper's World and Wal-Mart, and more specifically, at the base of Jordan's Furniture and immediately next to DeScenza Diamonds, Bed, Bath and Beyond and Tweeter.
Thomas R. Blakely, CCIM and President of TRB & Associates, Inc., procured the buyer for the seller and was the sole broker in the transaction. The new owner plans to redevelop the site and build approximately 30,000+ SF of prime retail space. T.R.B. & Associates, Inc., has been appointed as the exclusive leasing agent for the new 30,000+ SF retail development.
"Bobson Acquisition LLC understood very well the retail strength of this location and recognized that it is a "diamond in the rough" redevelopment opportunity. This is an exciting opportunity for quality retailers interested in locating in a "new" retail center on Route 9 in Framingham/Natick," said Blakely.
TRB & Associates, Inc. is a certified "CCIM" commercial real estate brokerage office specializing in substantial investment property sales and retail property leasing. The company was formed in 2003 and has handled hundreds of millions of dollars in commercial real estate transactions, proudly servicing the needs of many institutional and private clients.
FOR IMMEDIATE RELEASE:
($73,000,000 RECORD SETTING TRANSACTION!)
FRANKLIN VILLAGE PLAZA SOLD BY BLAKELY OF T.R.B. & ASSOCIATES, INC. - TRB & ASSOCIATES NOMINATED FOR BROKERS DEAL OF THE YEAR!
Franklin Village Plaza is an approximately 321,800 SF GLA shopping center. Stop & Shop is the principal anchor tenant; other tenants included; Marshall's, Radio Shack, Payless Shoe Source, Bath & Body Works, Applebee's and 66 other tenants.
Seller - According to Mr. Roger Calarese, Trustee of Franklin Village Trust, "Selecting TRB & Associates, Inc. to exclusively represent Franklin Village Trust, has exceeded my original expectations. When I originally interviewed various retail investment sale specialists from several of the large brokerage firms, I was inundated with pretty pictures, graphs, charts and what have you. Then, I began to focus on who was going to best represent Franklin Village Trust in the marketplace. Looking back, I clearly made the right decision. Tom Blakely did a very professional job and a cutting-edge presentation. He exposed the property to the entire private and institutional marketplace and generated a tremendous amount of interest. By choosing to entrust Tom with our disposition we have achieved the highest sales price and are extremely pleased with the outcome. Probably the most important thing to me was how he handled himself as a professional. This is the second time that I have retained the services of Mr. Blakely and I look forward to working with him again on future projects".
Buyer - Mr. Leo Ullman, CEO of Cedar Shopping Centers (NYSE: "CDR"), stated, "We are extremely grateful to Tom Blakely for the excellent materials he prepared on the property and for giving to us the opportunity to present a winning proposal for the purchase of this bid on the property. The due diligence process was also greatly facilitated by Tom working closely with the sellers. We very much hope that we can look forward to additional opportunities in the near future to acquire properties of such excellence in this area."
FOR IMMEDIATE RELEASE:
RK ASSOCIATES ACQUIRES RIVERVIEW MARKETPLACE IN FALL RIVER, MASS. FOR $11,000,000
Sale arranged by Thomas R. Blakely, CCIM, of TRB & Associates
Fall River, MA - RK Associates has acquired Riverview Marketplace in Fall River, Massachusetts for $11,000,000. The Fall River property is an approximately 97,146 square foot grocery anchored shopping center located off of Route 24 (Exit #8) on North Main Street in Fall River, Massachusetts. The shopping center was 96% leased at the time of sale to Shaw's Supermarket, CVS, H&R Block, Family Dollar, T-Mobile and many other prominent retailers. Thomas R. Blakely, CCIM and president of TRB & Associates, Inc., located in Brookline, MA, arranged the sale and successfully completed the transaction.
According to David Katz, Vice President of RK Associates, "We are extremely excited about this acquisition. Shaw's enjoys a dominant position within the trade area and the remainder of the tenant roster is comprised of solid national and regional tenants. It also fits in nicely with our centers in Stoughton, MA and Newport, RI from both a management and geographical perspective. Tom Blakely did a great job serving the interests of both the buyer and the seller in this transaction."
FOR IMMEDIATE RELEASE:
BLAKELY OF TRB & ASSOCIATES, INC. NEGOTIATES LEASE-PURCHASE OF 37,122 SF GATEWAY SHOPPING PLAZA
Vernon, CT - TRB & Associates, Inc. procured the lessee - Planet Fitness - and represented the landlord - United Properties Group - in the lease-purchase of a 37,122 square foot Gateway Plaza Shopping Center in Vernon, CT located at 425 Talcottville Road (Route 83).
"Tom Blakely produced amazing results with our shopping center in record time and we are extremely pleased with the outcome" said Mr. Richard Kleinberg - President of United Properties Group.
"United Properties Group is a substantial real estate company and it was a pleasure to have provided real estate brokerage services to them on an exclusive basis" said Thomas R. Blakely, CCIM and President of TRB & Associates, Inc.
FOR IMMEDIATE RELEASE:
LACHANCE ASSOCIATES SELLS 126,460 SF WALLACE PLAZA SHOPPING CENTER & STORAGE FACILITY FOR $6.75 MILLION
Sale brokered by Thomas R. Blakely, CCIM, of TRB & Associates, Inc.
FITCHBURG, MA. - LaChance Associates has sold the Market Basket anchored Wallace Plaza and Storage Facility for $6.75 million. The 126,460 SF plaza is located on John Fitch Highway and the transaction was brokered by Thomas R. Blakely, CCIM of TRB & Associates, Inc., located in Brookline, MA. At the time of the sale the shopping center was 100% leased, with close to 100% occupancy in the storage facility. Blakely (formerly V.P. of Investment Sales at Finard & Company) represented the seller while at Finard, procured the buyer for Wallace Plaza and then completed the transaction as President of TRB & Associates, Inc.
"I am very pleased with the outcome of the transaction. Tom Blakely handled our transaction extremely well and we are very satisfied with the brokerage services he provided to us," said President, Leo LaChance. Market Basket Supermarket and Big Lots anchor the plaza. Other retail tenants include Family Dollar, Rentway, Payless, Papa Gino's, Fleet Bank and others.
GREENFIELD & ASSOCIATES AQUIRES 70,000 SF MARKET BASKET PLAZA IN LEOMINSTER, MASS
Sale brokered by Thomas R. Blakely of TRB & Associates, Inc.
LEOMINSTER, MA. - TRB & Associates, Inc. has brokered the sale of Market Basket Plaza located on Sack Boulevard in Leominster, MA to Greenfield & Associates. The grocery anchored shopping center is an approximately 70,000 SF retail strip, strategically located adjacent to the Searstown Mall, which runs along Route 2 in Leominster, MA. At the time of the sale the shopping center was 100 percent leased. Thomas R. Blakely, CCIM and President of TRB & Associates, Inc., located in Newton, MA represented and advised the seller and was the sole broker in the transaction.
"The seller was able to take advantage of a strong demand for retail properties in a market where there is a true lack of supply. Like with many of our other clients, the investment sale assignment was conducted quietly and confidentially. I am very pleased with the outcome of the transaction," said Blakely.
BLAKELY OF TRB & ASSOCIATES, INC. LEASES 32,376 SF TO BOB'S DISCOUNT FURNITURE ON RTE, 9 IN FRAMINGHAM, MASS.
Meredith & Grew represents Circuit City, the Lessee
Framingham, MA - TRB & Associates, Inc. represented the sub-lessee Bob�s Discount Furniture in a sub-lease of 32,376 square feet of retail space at the existing Circuit City store on Route 9 in Framingham, MA - Circuit City will be relocating into a new store on Route 9. Theodore Chrysiccas and Patrick Paladino of Meredith & Grew represented the lessee Circuit City.
"I am pleased to have represented Bob's Discount Furniture and to have assisted them in securing such a wonderful location in a difficult and saturated market," said Thomas R. Blakely, CCIM and President of TRB & Associates, Inc.
(Blakely of T.R.B. & Associates, Inc. brokers sale)
COMBINED PROPERTIES AQUIRES 18 JACKSON STREET IN MALDEN, MASS FOR $2.75 MILLION
MALDEN, MA. - TRB & Associates, Inc has brokered the sale of 18 Jackson Street for $2.75 million to Combined Properties. The Malden property is a 35,374 SF freestanding retail building, strategically located at a major signalized intersection on Route 60. At the time of the sale the shopping center was 100% leased. Thomas R. Blakely, CCIM and President of TRB & Associates, Inc., located in Newton, MA procured the buyer for the seller and successfully completed the transaction.
"Combined Properties understood the Malden market very well, they also understood the value of the asset and were able to step up to the plate in an aggressive investment environment and win a multiple-bid situation - I am very pleased with the outcome of the transaction," said Blakely.