Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lowe’s Home Improvement Center, a 102,000 square foot net-leased property located at 400 Bedford St in Abington, MA, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $9,700,000.
Senior Managing Director James M. Koury and Associate Alex Quinn, retail investment specialists in Marcus & Millichap’s Boston office, exclusively represented the seller and procured the buyer. The Koury Group has been enjoying a banner year with five retail deals closed since March 1, totaling over $115,000,000 with another nine centers either under agreement or in the market for sale.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
