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Amherst Mixed-Use Trades to Local Owner-Operator
Northeast Private Client Group (NEPCG) arranged the sale of 63 S. Pleasant St., a mixed-use property located in Amherst, MA. Terms of the sale were not disclosed.
SVP Taylor Perun and VP Tim McGeary of NEPCG represented the seller and procured the buyer. The property was acquired by a local owner-operator seeking to expand their Amherst portfolio, while the seller, a Massachusetts-based owner-operator, is retiring and divesting their Amherst holdings.
“63 S. Pleasant St. remains a highly desirable mixed-use asset within the Amherst market, representing a strategically valuable addition to the buyer’s portfolio.” said Perun. McGeary added, “The continued demand for quality assets in Amherst ensured this was a successful and beneficial transaction for all parties involved.”
Built in 1881, the property includes three retail, one office and 10 residential units with off-street parking. It’s located in the downtown district of Amherst, close to Amherst College, the University of Massachusetts and numerous shops and amenities.
