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Brokerage
Posted: August 27, 2015
Gorjian of Namdar Realty Group acquires 201,425 s/f Webster Plaza
Joel Gorjian of Namdar Realty Group acquired Webster Plaza, a 201,425 s/f center in Worcester County. The center is anchored by Kmart and junior anchors Aubuchon Hardware, and Dollar Tree. The center's tenants are a mix of national and local retailers including Radio Shack, Sally Beauty Supply, and Olympia Sports.
The center also includes a Shaw's grocery with 9 years remaining on their initial lease. "Our current plan is either to back-fill the former Shaw's box with a national retailer or simply to collect coupon payments for the remaining term," said Gorjian.
MORE FROM Brokerage
Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
Columns and Thought Leadership
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.
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.
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