Kenney of ARC Realty Advisors leases to two at Stateline Plaza
Ray Kenney of ARC Realty Advisors brokered two new leases at Stateline Plaza on behalf of the owner, Northstar Centers, LLC.
Sleepy's has leased 8,000 s/f and Federal Cigar has leased 2,500 s/f.
Kenney said, "On behalf of Northstar, we are pleased that we can bring these tenants to Stateline Plaza. We are at nearly 90% leased, but still have a few opportunities for quality retailers."
The noted tenants join Shaw's Supermarket, TJ Maxx, Petco, TMobile, Gamestop, CVS as well as other operators.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.