December 27, 2022 – Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of a Walgreens Plaza in Ludlow, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $8,300,000.
Walgreens Plaza is located at 20-56 East Street in Ludlow, Massachusetts. The Property consists of a two-building plaza anchored by Walgreens and contains 38,923 square feet of gross leasable area on 2.90 acres. The rent roll contains an attractive mix of retailers, restaurants and neighborhood service tenants that serve the residents of Ludlow. Anchored by Walgreens, the plaza is also home to Pieroways, a regional furniture store, H&R Block, Subway, and Head to Toe Day Spa. More than 60% of the tenants (Walgreens, Pieroways, and H&R Block) have been at this plaza for 20 years or more. The well-maintained Property is home to an attractive mix of retail, restaurant and neighborhood service tenants, many of which have been long-term tenants at the Walgreens Plaza. The Property is well located in Downtown Ludlow and provides a convenient location for area residents. Ludlow, a quiet suburb of Springfield, is home to 21,000+ residents and is located 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.