September 30, 2016 – Horvath & Tremblay have successfully brokered the sale of Duxbury Marketplace in Duxbury, Massachusetts. Wayne Clough, managing director, of Fantini & Gorga, assisted in completing the sale as Horvath & Tremblay represented the seller and procured the buyers for each property. Duxbury Marketplace closed at a sale price of $4.8 million.
Duxbury Marketplace, located on Depot Street in Duxbury is a charming, generational asset consisting of five separate buildings, situated on three acres of land. The property is located in the middle of the retail area of town and offers a diverse tenant mix that services the local community. Tenants include: Coldwell Banker, Eastern Bank, Duxbury Dogs, Crossroads Salon, Peels Pizza, Mix It Up, The Studio, Happy Tails, Consider the Lilies, Westwinds Bookshop, Razia – Makkas, Roma Fresh Foods, Oropa, Depot Street Market, Cellar d’Or, Oriental Express, Sportworks, Tsang’s Cafe, and Rock Paper Scissors. In addition, there is 5,860-square feet of leased office space. Duxbury Marketplace is located at Exit 10 off of the heavily traveled Route 3 – a major commuter route to Boston and the primary artery connecting commuters to Interstate 93. Traffic counts along Route 3 are in excess of 56,000 vehicles per day and 9,500 vehicles per day along Route 3A connecting to Depot Street. Property is located across the street from the Foodie’s Duxbury Market, the main grocery store in town.
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.