X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BILLERICA, MA-Stop & Shop Supermarkets, the Quincy, MA-based supermarket chain, sold a 16,000-sf building at 200 Boston Rd. to Billerica Corner LLC. The sale price on the deal was $1.6 million.

William A. Lawler, VP at Finard & Company, represented Stop & Shop Supermarkets in the transaction while Thomas R. Blakely, CCIM and president of T.R.B. & Associates, a recently formed Brookline, MA-based company specializing in retail brokerage, procured the buyer and brokered the transaction.

The retail building is located at a major signalized intersection on Route 3A in North Billerica. The buyer intends to renovate and lease the building to several retailers.

According to Finard & Co.’s 2003 Retail Report for Eastern Massachusetts, the vacancy rate for retail space was at 6.5% at the end of last year, with the total market vacancy at about 11 million sf of space. The figure is 19% less than the total market vacancy the year before.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.