News: Owners Developers & Managers

Cornerstone Square, a 238,000 s/f development, is at 80% occupancy

Cornerstone Sq., the area's soon to be completed retail/office location, is being embraced by retailers and medical office tenants-with the occupancy rate for the development climbing to over 80% - a full six months before the mixed-use development opens. "The leasing interest has been incredible ever since the project was first announced," said Dusty Burke, president and CEO of American Commercial Real Estate and leasing broker for Cornerstone Sq. "Our tenants recognize the value of being a part of well-located, stylishly designed retail and medical office center, and want to be part of the excitement this development is creating." Cornerstone Sq. is a 238,000 s/f mixed use development comprised of 191,000 s/f of retail and 47,000 s/f of medical office space scheduled to open in October. The 13-building development creates a "modern village" concept to support the diverse employment and consumer needs of the local community. It was designed by Joseph D. LaGrasse & Associates, Inc. Located at Interchange 32 on I-495, Cornerstone Sq. has 100,000 vehicles passing by per day on its abutting roadways of I-495, Boston Rd. and Littleton Rd. (Rte. 110). Cornerstone Sq. is located within one mile of three neighboring major hotels, a technical high school, a ski area, and two large child learning centers. The project broke ground in the late fall of 2011 and construction is well under way. To date, over 80% of the space in Cornerstone Square has been committed, including: * Market Basket, grocery anchor * National designer and brand name clothing and accessories retailer * Home furnishings and décor * National pet care and supplies * Fortune 500 wireless communications retail store * Fortune 50 retail bank branch * High-end kitchen appliance and design retailer * Family Eye Care * An elite athletic personal fitness center * Animal hospital * Dalla Nails * Great Clips * Westford Florist * Ladybird Lingerie * Elements Massage * Premiere Cleaners Restaurants: * Burtons Grill * Panera Bread * Five Guys Burgers and Fries * Tutti Frutti frozen yogurt store * Contemporary Italian restaurant.
MORE FROM Owners Developers & Managers

Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,