Northeast PCG recently closed mid-market retail transactions in submarkets of Boston, Mass. and New Haven, Conn. The 6,000 square foot multi-tenant property in Brighton, Mass sold at a price of over $500/SF and a cap rate on actual Net Operating Income of 4.38% — highly aggressive metrics for un-anchored, non-credit commercial, indicative of ongoing investor interest in Boston area submarkets. Likewise, the 7,000 square foot Starbucks-anchored retail strip in Old Saybrook, Conn. sold at a price of nearly $320/SF and a cap rate of 6.47%. Read more