Cape Cod Bank Branches Included in Sale-Leaseback Deal

In May 2008, Rockland Trust completed a $33.0 million sale-leaseback transaction with American Realty Capital, Inc. a Jenkintown, PA based REIT. The real estate only transaction included a portfolio of 18 commerial bank branches, branch bank/offices and operation centers located throughout Southeastern MA and Cape Cod.

Upper Cape Cod Mixed-Use Center Acquired

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A two story retail and office property located in Sagamore, MA was sold in March 2008 for $1.8 million. Both sides of the deal were successfully handled by Ben Edgar, principal broker and owner of Sea Watch Realty.  The two story property on two acres comprises approximately 28,000SF of building area is one of several former Towne… [Continue Reading]