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Brokerage
Posted: April 28, 2017
Halprin of New England Retail Properties leases 22,140 s/f to Planet Fitness in Springfield
Springfield, MA Matthew Halprin, principal of New England Retail Properties, Inc., completed the leasing of 22,140 s/f to Planet Fitness located at the corner of Parker St. and Boston Rd.
New England Retail Properties, Inc., as the exclusive broker for the ownership, was the only real estate broker involved in the transaction.
T & R Fitness, the Western Massachusetts Planet Fitness franchisee, based in Chicopee, Mass. now operates nine full-service facilities in Western Mass. The property was previously a Circuit City electronics store that closed several years ago. The landlord is Basser Kaufman 312, LLC, a Woodmere, N.Y.-based shopping center owner and developer with more than 30 shopping centers in N.Y., N.J., Conn. and Mass.
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O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
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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.