John Flatley Company leases 1,976 s/f to Orange Leaf
The John Flatley Company has completed a 1,976 s/f lease with Orange Leaf Frozen Yogurt at Tara Commons. The lease brings the property to over 60% pre-leased.
Tara Commons is Nashua's newest mixed-use retail development on Spit Book Rd. at Exit 1 off Rte. 3/FE Everett Turnpike. Located at the entrance of Gateway Hills, the five building development forms a 35,000 s/f neighborhood retail village designed to provide Gateway Hills and its abutting community with a convenient place to dine, shop and run day-to-day errands.
"We couldn't be more excited to be coming to Tara Commons and to Nashua. It's a perfect fit for us," said Jeff Hathaway, franchise owner, Orange Leaf Frozen Yogurt. "We don't just want to offer frozen yogurt, we want to be a community resource," he said, adding that the store would be hosting fundraising events, art displays, and story times as well as the open-mic nights.
"Orange Leaf is one of the fastest growing franchises in the country and services a diverse demographic," said Thomas Smith, vice president of leasing at the John Flatley Company.
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.