Charter Realty & Development Corp. brings New Brite Plaza to 100% occupancy
According to Charter Realty & Development Corp., it has now leased to capacity the New Brite Plaza, a 164,084 s/f power center located at the intersection of Martin Luther King Dr. and East Main St.
The shopping center is anchored by Ocean State Job Lot, Save-A-Lot, AJ Wright, Advanced Auto, Dunkin' Donuts, Michaels, Town Fair Tire, McDonald's and the latest addition to the shopping center, Taco Bell.
Charter currently leases or owns over 14.9 million s/f of centers throughout the East Coast.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.