7-Eleven, Inc. has leased space for its newest store at 872 Commonwealth Ave., on the Brookline-Boston line. Lease negotiations were handled by Richard McKinnon, exclusive broker for the landlord, 860-872 Commonwealth Avenue Trust, and director of brokerage services for The Grossman Companies, Inc. Adam Conviser of Conviser Property Group represented 7-Eleven.
McKinnon said, "7-Eleven chose the location for its strong demographics, visibility, heavy vehicle and pedestrian traffic, access to the MBTA Green Line, and proximity to B.U."
The chain, founded in 1927, operates 7,200 stories in North America, as operator, franchisor or licensor.
Other tenants in the building are East Coast Alpine, Audio Concepts and MMP Printing.
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.