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.
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.
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.