Powers & Company represents lessor in 47,000 s/f lease to Whole Foods
Powers & Company has leased the former Star Market on Washington St. to Whole Foods. Whole Foods which operated down the street for years in a former Bread & Circus location now occupies over 47,000 s/f of space. The new store added a gelato and café bar, a walk up window for take-out prepared foods, and a community room. The renovations to the building were completed within the existing footprint of the former market, however the interior and exterior of the building and the site has undergone a complete renovation. Entrances and exit have been revamped, sidewalks around the building were extended, and extensive landscaping and outdoor patios were added.
Scott Black of The Dartmouth Company represented the tenant. Powers & Company represented the landlord, Wellesley plaza llc. There is approximately 2,200 s/f still available in the pad building formerly occupied by Rite Aid.
Powers & Company exclusively represents landlords throughout the greater Boston market.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.