News:
Brokerage
Posted: June 21, 2012
CBRE|Boulos Co. sells 75,640 s/f sports facility to XL Soccer World
According to CBRE|The Boulos Co., XL Soccer World Saco LLC has purchased the Southern Maine Sports Zone property located at 400 North St. from Howard Sports Inc.
The property consists of a 9.13 acre site on I-95 with a 75,640 s/f indoor sports facility featuring basketball courts, artificial turf fields, fitness center and restaurant/bar.
This transaction was brokered by Chris Paszyc of CBRE|Boulos.
XL Sports World's newest acquisition will undergo a $1 million investment over the next six weeks to improve the current facilities which will provide a fantastic new user experience for all. This will include a complete refurbishment of the interior plus brand new state-of-the-art indoor fields which can be used for soccer, lacrosse, field hockey and other sports.
"The newly built fields will be open for rentals and will also offer soccer programs and leagues for all ages" said Kris Lamb, co-owner and CEO of XL Sports World and co-owner of its related business XL Soccer Tours.
The planned completion date is next month.
MORE FROM Brokerage
Wyzer Biosciences to relocate to 5,800 s/f space at Cummings Properties’ Boston Ave. innovation campus
Medford, MA Wyzer Biosciences will relocate next month from 85 Bolton St. in Cambridge to Cummings Properties’ Boston Ave. innovation campus. The firm’s new headquarters encompasses 5,800 s/f of administrative and laboratory space. Founded in Cambridge in 2011, Wyzer provides customized, end-to-end DNA sequencing and preparation services for the biopharma, biotech, and academic research sectors.
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
End of the year retail thoughts - by Carol Todreas
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.
