News: Brokerage

Powers and Co. leases 11,500 s/f to Dollar Tree

Powers and Company represented the landlord in the leasing of 11,500 s/f to Dollar Tree at Westmeadow Plaza. John Wise represented Dollar Tree in the transaction. The center will be undergoing major renovations including new storefronts, new direct access to and from Rte. 9, and an upgraded pylon. Renovations start this summer for completion before the end of the year. WestMeadow Plaza is located just three miles from 495 and serves the Westborough, Northborough, Southborough, and Shrewsbury markets in addition to areas of Worcester and Framingham. Ocean State Job Lot relocated into the 50,000 s/f endcap, there is a deal pending on their former 22,000 s/f location and the former TJ Maxx space of 26,388 s/f is now being marketed. Powers and Company represents shopping center owners in the greater Boston and Cape Cod markets.
MORE FROM Brokerage

Bradley of Horvath & Tremblay handles $9.5m Belmont Portfolio sale

Springfield, MA Michael Bradley of Horvath & Tremblay has arranged the sale of the Belmont Portfolio, a six property, 78 unit multi-family portfolio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9.5 million.
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Columns and Thought Leadership
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.
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.