Bierbrier Development leases 6,019 s/f at Arlington Village
Bierbrier Development Inc., a developer and owner of urban shopping centers in eastern Mass., has signed two new leases, totaling 6,019 s/f at Arlington Village Shops.
Bagelville, a Boston-based business operating several restaurants in Faneuil Hall, leased 3,525 s/f. Rich Canzano, vice president at Barry Realty Group, represented the tenant in the transaction.
CareWell Urgent Care, a walk-in neighborhood healthcare clinic, leased 2,494 s/f. Mark Sobel, president at 1st US Realty, represented the tenant in the transaction.
Russell DeMartino, vice president of development at Bierbrier Development, represented the landlord, Bierbrier Development, in both transactions.
"Bagelville and CareWell Urgent Care add vitality to the mix of already existing tenants at Arlington Village Shops. We are very pleased that they will join us," said DeMartino. "They make our retail site more exciting and a great place to be for both shoppers and other merchants."
Bierbrier Development is currently developing Needham Street Village Shops in Newton.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.