Calkain Realty Advisors handles $3.5 million lease of 14,000 s/f site
Calkain Realty Advisors represented Delaware based FHQ/HPC, LLC in its land purchase of a 1.15 acre parcel located on Main St. The property, formerly a Sears Automotive Facility, was razed and cleared to facilitate a new 14,000 s/f. Walgreens.
The $3.5 million ground lease transaction was a highly sought after investment in the national marketplace and was completed through the efforts of two Calkain professionals, Tom Geller and Patrick Nutt.
Hingham, MA Union Square Donuts, the Somerville-based donut shop, will open a new location at Derby Street Shops later this summer. Founded in 2012, Union Square Donuts has built a devoted following across Greater Boston for its from-scratch approach and creative flavor combinations.
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.