News: Brokerage

Gazit Horizons acquires 62,000 s/f Marketplace Center for $81.8m - retail site on Rose Kennedy Greenway, adjacent to Faneuil Hall

Boston, MA According to Gazit Globe its wholly owned subsidiary, Gazit Horizons, Inc., has acquired Marketplace Center, a 62,000 s/f retail condominium that is located on Rose Kennedy Greenway for $81.8 million. Adjacent to Faneuil Hall Marketplace, the building is 100% leased to a mix of retail and office tenants including Banana Republic, LOFT, and American Eagle.

“Marketplace Center sits at a highly valued intersection of public space and mass transit, and benefits from tremendous pedestrian traffic and visibility,” said Jeff Mooallem, CEO of Gazit Horizons. “We are very excited to be stewards of this prominent location along the Greenway and look forward to continuing to grow our portfolio in Boston.”

MORE FROM Brokerage

Hannigan of Choyce Peterson negotiates 8,306 s/f lease to Carbon Capture Machine

Trumbull, CT Choyce Peterson, Inc. represented Carbon Capture Machine (CCM) in securing a lease for 8,306 s/f of flex space at 60 Commerce Dr. This transaction involved a flexible office and lab environment, with CCM leasing space ideal for both administrative and lab production functions. Choyce Peterson principal John Hannigan represented CCM in this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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

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

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.