July 1, 2024 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Twin City Plaza in Leominster, Massachusetts. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $5,459,575.
Twin City Plaza is located at 865 Merriam Avenue in Leominster, Massachusetts. The Twin City Plaza was constructed in 1975 and consists of a 28,000 square foot retail plaza anchored by Outback Steakhouse and Town Fair Tire. The Plaza is 100% occupied by seven tenants and benefits from outstanding frontage and visibility. The Property is positioned at the intersection of Carriage Court and Merriam Avenue and is seconds from MA Route 2, the area’s primary commuter corridor. The Property is adjacent to a Hannaford, and is surrounded by nationally branded restaurants that drive traffic to the area. Additionally, the Property is 0.5-miles from MA Route 12, the area’s primary commercial corridor. The Twin City Plaza sits in between Downtown Fitchburg and Downtown Leominster and is perfectly positioned to cater to the residents of the densely populated cities. Additionally, the Property is just 3-miles from Fitchburg State University. Leominster is in central Massachusetts approximately 20 miles north of Worcester and 35 miles northwest of Boston.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.