Gerstenhaber of Centro Properties leases 33,160 s/f to Savers at Chamberlain Plaza
According to Centro Properties Group, Savers has recently opened
a 33,160 s/f store at Chamberlain Plaza, located 0.2 mile north of I-691 East (exit 5), on Chamberlain Hwy. (Hwy. 71). Centro Props. is the owner of Chamberlain Plaza and was represented by David Gerstenhaber with Centro Props.
Centro Props. also leased 1,800 s/f to Subway at Holyoke Shopping Center, located east of I-91 in the southwest corner of Northampton St. (Rte. 5) and Whiting Farms Rd. in Holyoke, Mass. Centro Props. is the owner of Holyoke Shopping Center and was represented by Charles Davis with Centro Props.
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.
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.