Northeast Leasing - Mgmt. opens 3 Town Fair Tire Centers
According to Danny Plotkin, principal with Northeast Retail Leasing & Management Co. of Windsor Conn., East Haven based Town Fair Tire Centers Inc. has opened three new stores. Town Fair opened its first store in Maine at 565 Alfred St. opposite the Shops at Biddeford Crossing and the second in South Portland at 449 Western Ave. in front of Staples Plaza. A third new store opened in November at Milford Plaza, Milford Mass.
The three new stores follow Town Fair Tire's program of locating stores in well anchored regional retail markets throughout N.E. Despite the pullback among other retailer openings, Town Fair Tire continues to seek high traffic retail locations in shopping centers, existing buildings, and land for its prototype buildings averaging 7,000 s/f.
Town Fair Tire is one of N.E.'s largest tire retailer with 70 stores in Mass., Conn., R.I., N.H. and Maine where it focuses exclusively on the sale and installation of tires and custom wheels.
Town Fair Tire is exclusively represented by Northeast Retail Leasing & Management Co.
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.
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.