Cotter of Powers & Company signs three leases at The Crossroads
Three new leases have been signed at The Crossroads, according to Leslie Cotter of Powers & Company. The three new tenants include Tripoli Bakery & Pizza for 2,100 s/f and which is now open. The former Blockbuster space has been subdivided into three retail spaces with Big Picture taking 1,609 s/f and Sprint taking 1,585 s/f.
North Andover Crossroads LP is owner of the property.
Annette Born, principal of Urban/Born Associates was the broker on behalf of Big Picture and Lindsay L'heureux of SRA Retail was the broker for Sprint. Big Picture is scheduled to open early this fall.
There is one 1,868 s/f opportunity remaining for the center to be 100% leased.
Powers & Company represents shopping center owners in the greater Boston and Cape Cod markets.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.
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.