Plotkin Northeast Retail assists in opening of two Town Fair Tires
Daniel Plotkin, principal with Northeast Retail Leasing & Management Company, LLC has assisted Town Fair Tire in the opening of its two newest stores, in Somersworth at 3 Handle Rd. in front of Home Depot and in Marlborough, Mass. at 481 Boston Post Rd. The Somersworth store brings the N.H. store count to 6 and the Marlborough store brings the overall count to 69.
Two other stores are under construction in Billerica, Mass. on Rte. 3A and Biddeford, Maine on Alfred St.
Town Fair Tire is New England's largest tire retailer and one of the only such retailer that does not change fluids or sell parts. Town Fair looks for high-traffic locations that support around 7,000 s/f in or near the dominant retail trade areas of suburban New England.
Plotkin says that Town Fair has 3 other stores in the development pipeline and wants to continue to grow in southern/central N.H., Maine and suburban metro Boston.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.