McKinnon of Grossman Cos. leases 1,584 s/f to Scottrade at Munroe Pl.
With the recent lease of 1,584 s/f to Scottrade, Inc., a national brokerage firm, the Retail Shops at The Residences at Munroe Place in Quincy Center is 100% occupied. This is the first time the five retail units have been fully leased.
Representing the landlord, Munroe Place LLC, in lease negotiations was Richard McKinnon, director of brokerage services for The Grossman Companies, Inc. of Quincy. Peter Montisanto of The Dartmouth Group represented Scottrade.
Other retail tenants at The Residences at Munroe Place are Starbucks, Citi Financial, T Mobile and Market USA. The shops are on the street level of a 111-unit luxury apartment building adjacent to the MBTA's Quincy Center Red Line and Commuter Rail station. The Residences is in the heart of Quincy's historic downtown and within walking distance of over 600,000 s/f of office space.
Scottrade offers a full line of investment products, online trading platforms and market research tools.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.