KeyPoint Partners negotiates 13,000 s/f lease for CVS at Messina's SC

KeyPoint Partners, LLC has negotiated a 13,000 s/f lease with CVS/pharmacy at Messina's Shopping Centre, a 52,406 s/f convenience center located at the corner of First and Main St. near Rte. 125, easily accessible from I-495. Don Mace handled the transaction on behalf of the landlord. The CVS/pharmacy lease is part of a major two-phase renovation of the center, which includes new building facades and landscaping. Phase 1 has commenced, and will involve the demolition of the old supermarket to make way for the construction of the new CVS/pharmacy, which will include a drive-through. Tentative completion time for Phase 1 is January. During Phase 2, the old CVS/pharmacy building will be torn down and a new building will be rebuilt to complete the project. CVS/pharmacy, along with the other tenants at the center, will remain open during the entire renovation process.

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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.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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Pyramid Management Group completes acquisition of 1.4m s/f Providence Place

Columns and Thought Leadership

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.

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.