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.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.