News: Brokerage

McKinnon of Grossman Companies renews 29,615 s/f for T.J. Maxx

T.J. Maxx, the anchor store at Quincy Granite Place, a destination retail plaza near Quincy Center, has renewed its lease for 29,615 s/f. The clothing store was an original tenant when the plaza opened in 2000. Lease negotiations were handled by Richard McKinnon, broker for The Grossman Companies, Inc.which represented the landlord, 126 Granite Street Trust. The plaza, which continues to be 100% leased, is managed by Grossman. Anchored by T.J. Maxx, the 61,400 s/f retail center is also home to iParty, Dress Barn, Olympia Sports, Papa Gino's, Boston Market and Dunkin' Donuts. Located at the intersection of Granite St. and Burgin Pkwy., the plaza accommodates a high-density residential population and a daytime office population as it is just minutes from Crown Colony Office Park and several other office complexes. It is a block from downtown Quincy. TJ. Maxx operates over 900 stores nationwide and sells discounted brand-name family apparel, home fashions, beauty aids, jewelry and accessories.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

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