McKinnon of Grossman Companies named broker for 951 s/f retail unit
Richard McKinnon, director of brokerage services for The Grossman Companies, Inc. of Quincy, has been named exclusive broker for a 951 s/f retail unit at 14 Austin St.
"It's relatively small as retail units go, but you can't beat the high traffic count, excellent visibility and demographics it offers," said McKinnon who is representing the landlord, Austin Street Realty Trust. The store had been home to a florist shop.
It is located opposite a public parking lot. Other factors that help to drive customer traffic include co-tenants Starbucks, The Golden Scissors and Village Cleaners. Nearby are a Shaw's Market and a Bank of America branch.
Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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.