Colliers International leases 19,000 s/f to David Barton Gym in Boston
Continuing its steady expansion, David Barton Gym has signed a long-term, 19,000 s/f lease at the Boston Park Plaza Hotel & Towers. The fitness brand's new location, comprised of below grade retail space with a ground floor entrance, is its first in Massachusetts and will complement its existing locations in New York, Las Vegas, Miami, and Chicago.
"The Boston Park Plaza is currently undergoing significant upgrades and is located in the heart of the city, making this a prime location for the new facility," said Scott Edlitz, senior managing director for the retail services group at Colliers International's New York office, who represented David Barton Gym in the transaction.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.