News: Brokerage

Charter Realty leases 25,855 s/f in White City Shopping Center

Charter Realty and Development completed six new deals totaling 25,855s/f in the White City Shopping Center. White City has a GLA of 280,000 s/f making it one of Charter's largest centers in New England. The White City Shopping Center is located off of the Boston Tpke. Shaw's, Dress Barn, and Planet Fitness anchor the center. The Royal India Café is the first of the center's newest addition. The Royal India Café now occupies 2,481s/f of the center's northeastern quadrant. Royal India Café specializes in the cuisine of Northern India. Firestone Tire and Firestone Complete Auto Care, which was already located in the center has negotiated a new ground lease totaling 8,000 s/f in the center. Firestone has been a leader in tires since 1900, and will be relocated this winter. Noodles and Co. has also signed a deal moving them into a 5,000 s/f space. Also in the center is Ideal Image, a laser hair removal company that has a 3,000 s/f space. Dollar Forever is a dollar store that specializes in household items, and party items. It occupies 5,450 s/f in the center. The UPS Store is the final new tenant. The UPS store is the largest franchisor of retail shipping, postal, printing and business service centers. The UPS Store occupies a 1,114 s/f space. White City recently went through a large multi-tiered renovation that revitalized the center, and reestablished its dominance in the trade area. The overall shopping experience at the center, and the façade was upgraded.
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Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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