Retail
DGLF awards $5,000 in grants to Massachusetts non-profits
Boston, MA The Dollar General Literacy Foundation (DGLF) has awarded more than $5,000 in youth literacy grants to Massachusetts nonprofit organizations. The funds are part of nearly $2.6 million awarded across the country for recipients to use the funds to purchase books, technology, equipment or materials to help extend a brighter future for K-12 students.
Atlantic Capital Partners brokers sale
of the Walpole Mall for $71.95 million
Walpole, MA Atlantic Capital Partners have sold the Walpole Mall, an ideally located regional shopping center, for $71.95 million. Justin Smith, head of capital markets; Chris Peterson, vice president; Sam Koonce, vice president and Danielle Donovan, senior analyst; oversaw the transaction
Arsenal Yards expands its culinary and wellness offerings with new restaurants
Watertown, MA Arsenal Yards, the new neighborhood in the historic East End from Boylston Properties and Wilder, is welcoming new dining, health, and wellness offerings, in addition to gearing up for additional openings over the coming months.
Marcus & Millichap arranges two retail sales with one 4.9% cap rate
Bedford, NH Marcus & Millichap have completed the sale of two triple net-leased retail properties. The transactions included the sale of a Trader Joe’s and Friendly Toast. “The Trader Joe’s was placed under agreement at a market-leading cap rate of 4.9%, and the buyer never re-traded pricing when the market shifted,” said James Koury, senior managing director investments.
Waldman of Waldman & Associates sells South Plaza for $4.7 million
Milford, MA The South Plaza, an 80,000 s/f property located at 146 South Main St., was sold on July 6, 2023, for $4.7 million which is 7.9 cap. Dan Waldman of Waldman & Associates represented the owner and procured the buyer. Waldman started leasing the plaza several years ago when it was 50% vacant. Now it is 100% leased, and the new tenants are thriving.
MarketStreet Lynnfield opens dual-concept Asian restaurant
Lynnfield, MA MarketStreet Lynnfield has welcomed the casual dual-concept Asian restaurant, Soi 8 / Sushi Ike to their dining offerings. Taking diners on a culinary journey from Japan to Southeast Asia, the new restaurant combines the best of a traditional Japanese sushi restaurant and a lively Thai/Southeast Asian street food experience.
Nordblom Company opens pop-up retailer Plaid Pine Designs on 3rd Ave.
Burlington, MA Nordblom Company celebrated the grand opening of its newest pop up retailer, Plaid Pine Designs, at their popular retail, dining and entertainment destination, 3rd Ave. Plaid Pine Designs creates high-quality, functional children’s clothing, while putting sustainability at the forefront.
Derby Street Shops opens performance apparel store - Rhone
Hingham, MA Rhone, the men’s high-performance apparel brand engineered for an active lifestyle continues its brand expansion in Massachusetts with a new store opening at Derby Street Shops in late summer 2023. “We are excited to open our doors at Derby Street Shops and look forward to continue building the Rhone brand in the Boston area.
Arc’teryx apparel and equipment store to open at MarketStreet Lynnfield
Lynnfield, MA MarketStreet Lynnfield is opening Arc’teryx, the global design company specializing in technical high-performance apparel and equipment, at the property in winter 2023. Headquartered in North Vancouver, British Columbia, Arc’teryx was founded on the idea that there is always a better way and is known for leading innovations in climbing, skiing and alpine technologies.
Richetelli of Colonial Properties sells multi-tenant property for $2.033 million
Milford, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., has completed the following transaction. Michael Richetelli represented the seller, Milford Post Associates, LLC, in the sale of 1590 Boston Post Rd., a multi -tenant retail property on .81 +/- acres for $2,032,900.