News: Brokerage

KeyPoint Partners adds 2 properties to retail leasing portfolio

KeyPoint Partners, LLC has been awarded exclusive leasing contracts for two retail properties in Marlborough and Peabody, Mass., according to Robert Lemons, the firm's managing partner. Village Plaza is a 43,891 s/f shopping center located on Rte. 20 in a key retail area of Marlborough, surrounded by major convenience retailers and restaurants such as Home Depot, Staples, Walgreens, Quizno's, Dunkin' Donuts, and others. Tenants at the center include KinderCare and the United States Post Office. Village Plaza is presently undergoing substantial re-merchandising. There is 11,660 s/f available at the center, including a 1,100 s/f pad site with drive-thru. 124 Newbury St. is a new 11,659 s/f convenience strip presently under development along southbound Rte. 1 (Newbury St.), the preferred commuter route into Boston. There is 9,800 s/f of availability at the center, which is sub-dividable and features a drive-thru opportunity. The center will be anchored by Starbucks.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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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

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

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.