Bierbrier Development completes 1,795 s/f lease renewal
Bierbrier Development, a developer of urban shopping centers in eastern Mass., signed a lease renewal with existing tenant EdibleArrangements at Walgreens Plaza.
Edible Arrangements, which has been a tenant at Walgreens Plaza for five years, signed a long-term lease agreement renewing its 1,795 s/f store space.
Based in Wallingford, Conn., Edible Arrangements has more than 1,100 stores in the U.S. and abroad.
Located at the junction of Rtes. 110 and 125 at the entry to downtown Haverhill, the 34,000 s/f Walgreens Plaza has 20,000 s/f of space for small shops in addition to its 14,820 Walgreens anchor store. Other major tenants include Aspen Dental, KFC/Taco Bell, Giovanni's and Hair Cuttery. A 4,800 s/f space, a 1,722 s/f space and a freestanding pad remain available for lease.
"Edible Arrangements continues to prosper at Walgreens Plaza and we are very pleased to welcome them back as valued tenants," said Len Bierbrier, president and owner of Bierbrier Development. "Lease renewals such as this are always a gratifying indicator that Bierbrier Development's properties have the vibrant locations necessary for success in the retail market."
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.