News:
Brokerage
Posted: July 26, 2024
McMahon and Ginsberg of Summit
Realty bring 240 Loudon to 100% leased
Concord, NH Summit Realty Partners, Inc. has arranged a lease with H&R Block which brings this 17,900 s/f modern retail strip center to 100% leased. This property is in the Concord Heights section and is shadow anchored by Shaw’s Supermarket and the Steeplegate Mall which is proposed to be redeveloped into a mixed-use property with at least two new major new-to-market retailers. This multi-tenant retail strip center includes LensCrafters, Mattress Firm, U.S. Cellular, H&R Block, Tropical Smoothie Café and a free-standing Starbucks with drive thru. This achievement highlights Summit Realty Partners’ commitment to excellence at a property that Summit has represented since it was developed in 2006.
Chris McMahon and Travis Ginsberg of Summit Realty Partners Inc. represented the landlord in this transaction.
“We are thrilled to reach full occupancy at 240 Loudon Rd. after Jos A Bank left us with a 4,500 s/f vacancy which needed to be demised for two tenants, Tropical Smoothie Café and H&R Block,” said Travis Ginsberg vice president of Summit Realty Partners. “This milestone demonstrates our team’s unwavering commitment to leasing space and maximizing value for property owners.”
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
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.