CB Richard Ellis is pleased to announce the following transactions:
JACC Inc has leased 1,500 s/f of retail space at 45 Wharf St. in Portland from Old Port Retail Holdings LLC. The tenant is expanding from 51 Wharf St. where 51 Wharf Ultra Lounge has been operating for two years. The expansion space will include more tables for their dining area.
This transaction was brokered on behalf of the landlord and the tenant by Dan Greenstein of CBRE/The Boulos Co.
John Armand Salon has leased 828 s/f of retail space at King's Court Shopping Center located at 190-198 Western Ave. in Augusta, Me. from Dorothy Lough.
This transaction was brokered on behalf of both the tenant and landlord by Chris Paszyc of CBRE/The Boulos Co.
Goodwill Industries of northern N.E. has leased 13,411 s/f of retail space at 10 Concourse West in Waterville, Me., from 10 Concourse West, LLC.
Goodwill industries of northern N.E. was represented by Craig Young, CCIM, partner, CBRE/The Boulos Co.
Relax ME dba Massage Envy has leased 2,500 s/f of high end retail space in Cornerbrook Plaza at 343 Gorham Rd. in South Portland.
This lease transaction was brokered on behalf of the landlord, Cornerbrook, LLC, by Steven Baumann of Paragon and on behalf of the tenant by Tracy Sullivan of CBRE/The Boulos Co.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.