KeyPoint Partners to manage/lease 475,000 s/f Crossings at Fox Run
KeyPoint Partners, LLC has been awarded the property management and exclusive retail leasing contracts for The Crossings at Fox Run, a 475,000 s/f power center. Heitman LLC awarded the contracts.
KeyPoint Ptrs. competed against international and regional companies for the assignment, and was chosen from among five finalists, according to Bob Lemons, managing partner at the firm.
"Our presentation highlighted the unique quality of our services, our deep knowledge of the regional retail market, and the strength of our teamwork," Lemons said.
The Crossings at Fox Run, adjacent to the Fox Run Mall, is located on Woodbury Ave. at Gosling Rd.
Tenants include Kohl's, Best Buy, Dick's Sporting Goods, Barnes & Noble, Old Navy, Staples, Jared the Galleria of Jewelry, Michael's, Chipotle Mexican Grill, and Cold Stone Creamery, among many others, and the center includes a 15-screen, stadium seating, surround-sound Regal Cinema.
Vice president Alicia Busconi and property manager Rachel Cormier will head the property management team, and vice president Don Mace and leasing associate David Hough will handle leasing, supported by the KeyPoint Ptrs. retail research and marketing teams.
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.
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.