McMahon and Mueller of NAI Norwood Group broker 3,300 s/f lease
According to Chris McMahon and John Mueller of NAI Norwood Group's Portsmouth office, Heritage Commons Shopping Center at 2800 Lafayette Rd. has recently secured a local seafood restaurant. The landlord is currently renovating the former 3,300 s/f former Wendy's building for the restaurant's early 2011 opening. The well known operator will be an exciting addition to the shopping center which will result in increased traffic to the center and a much more attractive and modern restaurant building.
Chris McMahon and John Mueller of NAI Norwood Group represented the landlord in this transaction. David Choate of Grubb & Ellis Northern New England represented the tenant.
NAI Norwood Group, with offices in Bedford and Portsmouth, is an affiliate of NAI Global, an international commercial real estate network with over 325 offices spanning the globe.
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
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.