H & R Block is first tenant at Marketplace On Morrissey - 1,200 s/f
One of the country's leading tax preparation and business consulting firms, H & R Block, is the first tenant to lease space at the new Marketplace On Morrissey, just off the southeast expressway (Rte. 3/93) at 960 Morrissey Blvd. in the city's Neponset neighborhood.
Grossman Cos.' director of brokerage services and exclusive broker for the property Richard McKinnon represented the landlord in the 1,200 s/f lease transaction. Remaining retail units are ready for occupancy.
The 15,000 s/f plaza is subdividable into units of 1,200 - 5,000 s/f and can accommodate two tenants requiring drive-throughs. Offering excellent neighborhood demographics, the location has a daily traffic count of 76,000 vehicles as Morrissey Blvd. is a popular route to and from downtown. The site is a short distance from the Boston Harbor campus of the University of Mass., Boston College High School and the Bayside Expo Center, and near several well-known landmarks including Phillips Candy House, Lambert's Market, Ramada Inn and Comfort Inn, among others.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.