News:
Brokerage
Posted: January 31, 2017
Linear Retail acquires 51,000 s/f Maple Tree Mall for $4 million
Joel Kadis, Linear Retail Properties
Maple Tree Mall - Manchester, NH
Manchester, NH Linear Retail Properties, LLC, has acquired Maple Tree Mall located at 535-555 Hooksett Rd. for $4 million.
Maple Tree Mall is a 51,000 s/f shopping center located 1/2 mile south of I-93, Exit 9, and 1 mile north of downtown Manchester/Elm St. Center tenants include; La Carreta Mexican Restaurant, SalonCentric, Cyr Kitchen & Bath Home Design Center and Papa Gino’s. There is 1,600 - 18,000 s/f available for lease.
Joel Kadis, partner - leasing & development of Linear Retail said, “Maple Tree Mall is ideally located to serve Manchester’s dense residential population and the nearby downtown Elm St. office corridor. We intend to re-position this asset to better serve these customers, including a fascia makeover, parking lot replacement and new signage.”
Jonathan Aron of KeyPoint Partners represented the seller and Aubrey Cannuscio, partner - acquisitions represented Linear Retail.
MORE FROM Brokerage
Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.
