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.
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.
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.
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.