McWeeney of WS Development signs Aldi to 20,075 s/f
According to WS Development, Aldi has leased 20,075 s/f at Stateline Shopping Center as its first New Hampshire location. Anchored by a newly opened Lowe's, Stateline Shopping Center is located on Rte. 28, just over the Massachusetts border.
A leader in the grocery retailing industry since 1976, Aldi sells more than 1,400 of the most frequently purchased grocery and household items in a simple and easy-to-navigate shopping environment. Its philosophy of concentrating purchasing power and streamlining operations is designed to save its customers money.
"We believe Aldi is an ideal addition to the center, and that we've added a new dimension of convenience and cost savings for our customers," said Lori McWeeney, director of leasing for WS Development.
Aldi joins Lowe's, Sovereign Bank and NAMCO at the recently redeveloped 232,000 s/f shopping center.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.