CW Price leases 25,750 s/f at Dickinson Development's Merrimac Plaza
One of Massachusetts' first five CW Price retail stores has opened at Merrimac Plaza on Rte. 110.
Mark Dickinson, president of Dickinson Development Corp. of Quincy which owns the plaza, said, "I'm especially pleased that, despite the economy, we've been able to attract a new tenant and bring the shopping center to 100% occupancy." The new 25,750 s/f retailer replaces long-time tenant A.J. Wright.
CW Price, the new chain taking over many former A.J. Wright locations, advertises "fashion at the right price" for women, men and children. The store is part of a new division of Conway Stores Inc., a 70 year-old clothing retailer based in New York that operates 45 stores in nine states.
Merrimac Plaza consists of 175,000 s/f. Other key tenants include Market Basket, Dollar Tree, Payless Shoes, Game Stop, Papa Gino's, UPS, Bank of America, McDonald's, Dunkin' Donuts and Chef Co's Restaurant.
More choices will be coming to the plaza in January 2012. Dennis Metayer, club owner in the Merrimack Valley for over 25 years, is opening the newest Choice Fitness club in 16,000 s/f.
Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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.