News: Brokerage

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.
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Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

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.
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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

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