Boylston Rlty. Advisors handles two retail leases totaling 4,300 s/f
According to Boylston Realty Advisors, Closet Factory has leased 2,800 s/f of the 73,000 s/f mixed-use building located at 355 Middlesex Ave.
The leased space, adjacent to the RMV, will include a sales and showroom area for their custom designed and manufactured closet solutions.
A lease is pending for 1,900 s/f of the 3,400 s/f pad site with drive-thru access, leaving only 1,300 s/f still available in the entire mixed use project.
Occupancy is expected in January, 2009.
Boylston also represented the owners of an Edible Arrangement franchise in Norwood, Mass in securing 1,500 s/f of space.
Specializing in unique fresh fruit bouquets, Edible Arrangements located in the Norwood Shopping Center joins the growing list of locations throughout Mass. The store is expected to occupy the building by the end of the year.
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.