{"id":1004415895,"date":"2020-04-13T06:46:06","date_gmt":"2020-04-13T14:46:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004415895"},"modified":"2020-04-13T06:46:06","modified_gmt":"2020-04-13T14:46:06","slug":"marcus-millichap-arranges-sale-of-boston-area-walgreens","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-boston-area-walgreens\/","title":{"rendered":"Marcus &#038; Millichap Arranges Sale of Boston-Area Walgreens"},"content":{"rendered":"<div id=\"attachment_1004416015\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1765-Middlesex-St-e1586780788981.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004416015\" data-attachment-id=\"1004416015\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-boston-area-walgreens\/1765-middlesex-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1765-Middlesex-St-e1586780788981.jpg\" data-orig-size=\"747,559\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Sergiu Inizian&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1586791493&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1765 Middlesex St\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1765 Middlesex St. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1765-Middlesex-St-e1586780788981.jpg?w=747\" class=\"wp-image-1004416015 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1765-Middlesex-St-e1586780788981.jpg\" alt=\"\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1765-Middlesex-St-e1586780788981.jpg 747w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1765-Middlesex-St-e1586780788981.jpg?resize=300,224 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004416015\" class=\"wp-caption-text\">1765 Middlesex St. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Marcus &amp; Millichap has completed the sale of 1765 Middlesex St., a 14,820-square-foot retail property in Lowell, Mass. Glen Kunofsky, Josh Kanter and Anthony D\u2019Ambrosia assisted the seller, while Adam Friedlander represented the 1031 exchange buyer. The transaction between the two private investors closed for $9 million.<\/p>\n<p>In a recent transaction, another Marcus &amp; Millichap team arranged the sale of a <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-completes-north-dallas-mob-deal\/\">5,000-square-foot&nbsp;medical office building<\/a> in Farmers Branch, Texas. The asset is&nbsp;fully leased to Baylor Scott &amp; White Institute for Rehabilitation.<\/p>\n<p>The Lowell property is fully occupied by Walgreens. According to&nbsp;D\u2019Ambrosia, the sale indicates increased interest in net-leased health-care sites. He also noted that such assets are proving to be not only resistant to economic and recession concerns, but also resilient through this new period of risk posed by COVID-19.<\/p>\n<p>Located on a 1.53-acre lot, the property is 4 miles from Interstate 495. The University of&nbsp;Massachusetts, Lowell and the city center are 2 miles from&nbsp;1765 Middlesex.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in&nbsp;<\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em>&nbsp;or send your deal to&nbsp;<\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glen Kunofsky, Josh Kanter, and Anthony D\u2019Ambrosia represented the seller, while Adam Friedlander assisted the buyer.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21783,21742,10,21749],"tags":[33536,34836,33839],"class_list":["post-1004415895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-1031-exchange","tag-marcus-millichap","tag-walgreens"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; 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