Malone Commercial Brokers leases 4,000 s/f at the Gateway Shoppes
Malone Commercial Brokers has leased 4,000 s/f to the Maine Bureau of Motor Vehicles at The Gateway Shoppes at Scarborough. The bureau is relocating its Motor Vehicles branch office facility from the Maine Mall in So. Portland to space at Expedition Dr. within Gateway Shoppes. The space is currently undergoing fit-up with an expected move-in date of November 1.
The Gateway Shoppes is a 220,000 s/f regional retail complex located on 42 acres at Exit 42 of the Maine Turnpike. Cabela's 130,000 s/f superstore opened there in 2008. In addition to Cabela's anchor store, Bureau of Motor Vehicles joins Kitchen & Cork, Portland Pie Co., Pet Life/Kennel Shop, Thai 9 Restaurant, Phantom Fireworks and Famous Dave's at the Gateway Shoppes.
The complex is owned and managed by Feldco Development based in Connecticut.
Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
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.