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.