Mace of KeyPoint Partners negotiates two Ace Hardware leases
KeyPoint Partners, LLC has negotiated leases with Ace Hardware at Frenchtown Plaza on Post Rd. in North Kingstown, R.I., and with Rocky's Ace Hardware at Holden Commons on Rte. 31 in Holden, Mass. The leases were for 12,000 and 12,045 s/f, respectively. Don Mace of KeyPoint Partners represented the landlords in each transaction.
Frenchtown Plaza is a 126,096 s/f center whose tenants include Mill Stores Unfinished Furniture, Rite Aid, Radio Shack, and Citizens Bank. Holden Commons, a 96,232 s/f center, is anchored by Big Y Market and tenanted by CVS, Dollar Tree, and Sovereign Bank.
Frenchtown Plaza has 12,858 s/f of space available, and Holden Commons has 2,000 s/f of space available.
Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.
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.
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.