According to Linear Retail Properties, LLC, Peet's Coffee & Tea, based in Berkeley, Calif., has signed a lease for space at the corner of Charles St. and Mt. Vernon St. in the heart of Boston's Beacon Hill neighborhood.
The 1,842 s/f Peet's Coffee & Tea shop, at 62 Charles St., will offer its trademark specialty coffee and tea along with gourmet baked goods in an inviting, upscale setting.
Pat Paladino of Colliers represented Peet's Coffee & Tea and Adam Conviser of Conviser Property Group represented Linear Retail Properties, LLC.
Joel Kadis, partner of leasing at Linear Retail Properties said, "Peet's Coffee will bring a vibrant, upscale, coffee shop experience to the heart of Beacon Hill. It took a while but we believe we found the ideal retailer for our marquis Beacon Hill location."
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.
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.