News: Brokerage

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.
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Sullivan & Sullivan brings 14 Class A office condos to auction

Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
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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

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