News:
Brokerage
Posted: February 24, 2017
DeStefano & Associates completes 6,000 s/f interior fit-up in Portsmouth
Mr. Mac’s Macaroni & Cheese at 2600 Lafayette Road - Portsmouth, NHPortsmouth, NH DeStefano & Associates, Inc. (DAI) completed the design and construction for the interior fit-up of a new 6,000 s/f full-service 90 seat Mr. Mac’s Macaroni & Cheese at 2600 Lafayette Rd. DeStefano Architects of Portsmouth, N.H. was the architect. Mr. Mac’s is ranked by TripAdvisor as “one of the Top 10 Restaurants, out of 336 in Manchester, NH” and “Certificate of Excellence 2016.” New England Cable News’s Phantom Gourmet call Mr. Mac’s “one of the 8 Great Places for Macaroni & Cheese”
The restaurant on Hooksett Rd. in Manchester was founded by Patrick Cain and Valerie Anderson in 2010. A three-store development agreement as signed with franchise partner Harry Cheema in early 2016. Cheema plans to open two locations in Northern Massachusetts. DAI is the appointed construction manager for Cheema’s Massachusetts locations.
In another transaction, DAI completed the 2,984 s/f tenant fit-up of the new Orangetheory Fitness facility at 195 Kennebeck St. in Portland, ME. This facility is owned and managed by Dwayne Dupre. Orangetheory Fitness is a national franchise that continues to accelerate in growth.
“Not only are we proud of the successful and timely completion, but have become members in this amazing fitness concept,” said John DeStefano, president of DeStefano & Associates, Inc.
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
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.
Quick Hits
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
End of the year retail thoughts - by Carol Todreas
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.