Kenney of ARC Realty leases for Northstar at Parkman Brook S.C.
Several new leases have recently been signed at Parkman Brook Shopping Center, according to Ray Kenney of ARC Realty Advisors. Bootlegger's (6,000 s/f), Planet Fitness (20,000 s/f) and Pet Life (7,500 s/f) have now opened.
"Northstar completely transformed this center by renovating with a clean, modern look which attracted several strong regional operators," said Kenney. The center is located on Portsmouth Ave. (Rte. 108) directly across the street from Shaw's Supermarket and other regional retailers.
ARC Realty Advisors, LLC is a retail leasing firm based in Boston, Mass. specializing in landlord representation.
Northstar Centers owns regional shopping centers throughout New England and its principal is Frederic Leopold.
Boston, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the sale of 15 Euston Rd., a 24-unit multifamily property in the city’s Brighton neighborhood. The asset sold for $8.875 million.
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.