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.
Lee, NH William Peck of Horvath & Tremblay has facilitated the sale of two multi-family transactions totaling $7.145 million. The Mast Road Portfolio, a 30-unit multi-family portfolio, sold for $5.12 million and 72 Oak St.
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.
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.