Linear Retail leases 991 s/f at 249 Newbury Street
According to Linear Retail Properties, LLC, Amorino Al Naturale has signed a 991 s/f lease at its 249 Newbury St. location.
Amorino is a boutique gelato and coffee shop offering Italy's best quality products.
Lea Sasportes, Greater Boston developer and owner of Amorino Newbury Street said, "Setting up our flagship shop on Newbury Street is the perfect location to bring this unique and luxury product that has huge European success to residents and travelers of the Back Bay."
Key deal makers included Joel Kadis, partner of leasing of Linear Retail, Bryan Furze, vice president of leasing & asset management of Linear Retail, and Jeremy Grossman of CBRE/Grossman Development Group, who represented Amorino.
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.
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.