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.
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.
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.