KeyPoint Partners has negotiated a lease with Habitat for Humanity ReStore for a 16,800 s/f space at Tyngsboro Crossing. Vice president of leasing Don Mace negotiated the transaction on behalf of the landlord, according to Robert Lemons, managing partner of the firm.
Tyngsboro Crossing is a 137,000 s/f shopping center in Tyngsboro anchored by JoAnn Fabric and Dollar Tree, and featuring Outback Steakhouse, Payless Shoes, Lady Grace, Fantastic Sams, Dunkin Donuts, and a variety of local tenants. The center is shadow-anchored by a 12-screen AMC Theatres, and shares signalized access with Pheasant Lane Mall. There is a 24,890 s/f corner space available at the center as well as several smaller in-line opportunities, including a 4,140 s/f end cap. ReStore is expected to open later this year.
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.
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.