June 18, 2021 – Aaron Huntley, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Palmer Shops in Palmer, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,550,000.
The Palmer Shops are located at the intersection of Thorndike Street and Park Street in Palmer, Massachusetts. The Property consists of a Walgreens anchored inline strip center, and two outparcels owned fee simple, North Brookfield Savings Bank and Pride Gas and Convenience. In total, the Palmer Shops contain 24,607 square feet of gross leasable area on 2.06 acres. The well-maintained Property is 100% leased to an attractive mix of retail, restaurant and neighborhood service tenants, many of which have been long-term tenants at the Palmer Shops. Palmer Shops offers excellent visibility and frontage along the heavily travelled Thorndike Street (MA Route 32) and Park Street. The property further benefits from multiple access points from Thorndike Street, Park Street and Pleasant Street. The Property is well located in Downtown Palmer and provides a convenient location for area residents. Palmer, a quiet city of 13,050 residents, is located just off Interstate 90 (Massachusetts Turnpike) in south-central Massachusetts.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.