News: Brokerage

Pickering of New England Retail Props. leases 1,200 s/f at Sundad Plaza

New England Retail Properties, Inc. has leased 1,200 s/f in Sundad Plaza located at 1371 East Main St. to Grand Slam Sports Memorabilia. This will be Grand Slam Sports' first location. Located off I-91 and the Merritt Pkwy., Sundad Plaza is a 12,000 s/f shopping center located in the rapidly developing East Main St. corridor in Meriden. It is home to Soleil Tanning Salon, Cucaramacara Mexican Restaurant and Season's Federal Credit Union. Nelson Pickering negotiated the lease between the landlord, Sundad LLC, and Grand Slam Sports Memorabilia on behalf of New England Retail Properties, Inc. Pickering represented the landlord and was the sold agent in the deal. New England Retail Properties Inc. based in Wethersfield has been in business since 1987, and specializes in investment sales, shopping center and retail property leasing and tenant representation throughout New England.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

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.