Powers & Co. brokers three leases totaling 56,100 s/f at Horn Pond Plaza representing the landlord, Gravestar
Powers & Company represented the landlord, Gravestar, in new leases totaling 56,100 s/f at Horn Pond Plaza. Leases have been signed with Toys R Us and Babies R Us in 48,000 s/f, Unleashed in 5,600 s/f and Dunkin' Donuts in 2,500 s/f.
The Toys/Babies R Us building has been totally renovated as well as the free standing Dunkin' Donuts.
The new tenants have joined Whole Foods and Rite Aid in the newly renovated plaza with Masa Southwestern Grill, Citibank, Hallmark and others. Only one vacancy of 12,013 s/f remains for the plaza to be 100% occupied.
Horn Pond Plaza serves the Winchester, Woburn, Lexington and Arlington communities.
While 2009 was one of the toughest markets in memory, Mary Powers and Leslie Cotter were both honored as individual dealmakers who earned the 2009 CoStar Broker Award for the high number of leases executed. Powers & Co. represents landlords throughout New England.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.