KeyPoint Partners adds 41,718 s/f Commodore Plaza to retail portfolio
KeyPoint Partners, LLC has been awarded the exclusive leasing contract for Commodore Plaza, according to Robert Lemons, the firm's managing partner.
Commodore Plaza is a 41,718 s/f retail center located on Rte. 1A (Enon St.), the primary commuter route in the city to the Rte. 128 interchange.
The tenant mix at Commodore Plaza includes Not Your Average Joe's restaurant, River's Edge Trading Company, New England Running Company, Fantastic Sams, Dog Spa, Quiznos, Edible Arrangements, Beverly National Bank, and Elements Therapeutic Massage.
In addition, Commodore Plaza has cross access to shadow anchor Super Stop & Shop; other adjacent retailers include Rugged Bear, Starbuck's, Bertucci's, and Calico Corners.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.