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Brokerage
Posted: March 29, 2024
NAI Glickman Kovago & Jacobs brokers multiple leases at Timpany Crossroads
Gardner, MA NAI Glickman Kovago & Jacobs, representing Timpany Crossroads, LLC, facilitated multiple leases within the newly developed Timpany Crossroads Plaza at 308-320 West Bdwy. The plaza, which commenced construction in 2020 and concluded in 2023, features two multi-tenant retail buildings and a 7,000 s/f restaurant pad site.
Michael Jacobs, managing partner at NAI Glickman Kovago & Jacobs, said, “The successful completion of these leases highlights the strong demand for premier retail spaces in Gardner, reinforcing the attractiveness of Timpany Crossroads Plaza to both tenants and investors alike.”
The team, led by Jacobs and vice president Tim Whittredge, acted on behalf of the landlord in all four transactions. The recent additions of Jersey Mike’s, Central Mass Dental, Clearview Dermatology, and Verizon Wireless have brought the plaza to full occupancy, complementing existing national retailers such as Starbucks, 99 Restaurant, and Edward Jones.
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RapDev leases 17,587 s/f at 501 Boylston St. - lease brokered by JLL
Boston, MA RapDev, a leading software-engineering and DevOps consultancy, has leased 17,587 s/f at 501 Boylston St. in the city’s Back Bay. The company moved into the new space this summer, consolidating operations onto a single floor to accommodate growth and create a workplace that reflects its collaborative culture.
Quick Hits
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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.
Newbury Street: Boston’s timeless retail gem thrives in a modern era - by Joseph Aquino
Boston’s iconic Newbury St. continues to thrive as one of the most vibrant and compelling retail corridors in the United States. Nestled in the heart of the Back Bay, this historic St. has evolved into a powerhouse of high-St. retail, where luxury meets lifestyle and legacy brands coexist with up-and-coming names. With its European charm, diverse architecture, and unmatched foot traffic, Newbury St. remains a dynamic reflection of Boston’s energy, culture, and economic strength.
Retail / tariffs / uncertainty and (still) opportunity - Carol Todreas
As new tariffs continue to impact the global economy, retail businesses and investors are grappling with heightened uncertainty. From new high tariffs to supply chain issues to evolving consumer behaviors, continual changes are making it as or more challenging than the pandemic years. Yet, amidst this turbulence,
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
