CBRE | The Boulos Co. brokered two retail leases.
* Savers, a retailer of used and new apparel, housewares and furniture, has leased 27,167 s/f. The space was previously occupied by Linens 'n Things.
This deal was brokered on behalf of the landlord by Kent White of CBRE|Boulos.
* Wireless Zone has leased a 1,980 s/f retail unit (formerly occupied by Hollywood Video) at Augusta Plaza located at 50 Western Ave. in Augusta, ME. from the landlord, Augusta Plaza Associates.
This transaction was brokered by Chris Paszyc of CBRE |Boulos.
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.
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.
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.