January 23, 2008 -
Retail
Bierbrier Development, Inc. redeveloped and expanded Walgreens Plaza and is now fully leased with the recent five-year lease signing of Edible Arrangements, Inc. to a 1,795 s/f retail space. Bierbrier's 33,400 s/f plaza underwent a $11 million redevelopment in 2007, the anchor of which is an expanded Walgreens store. In the Edible Arrangements lease, Bierbrier was represented by its director of development and leasing, Casey Piche. The store is scheduled to open in late winter 2008.
Edible Arrangements joins the strip center along with retail tenants that include Blockbuster, Aspen Dental, FedEx/Kinkos, KFC/Taco Bell, and T-Mobile. The new store will be Edible Arrangement's 34th location in Mass. The company, which opened its first franchise in Mass.in 2001, has stores in 45 states and D.C. The company currently operates over 808 stores throughout the U.S., Canada, UK, Puerto Rico, and the UAE.
In September, Absolute Wireless, an exclusive dealer of T-Mobile, opened a 1,285 s/f store at Bierbrier's Haverhill Plaza, having also signed a five-year lease. Jim Speros of ATS Realty represented Absolute Wireless and Piche represented the owner.
The KFC/Taco Bell restaurant, which will occupy 3,315 s/f and feature a drive-through, is currently under construction and is scheduled to open at the Haverhill Plaza in the spring of this year. The store's construction is being managed for Bierbrier by George Khouri of Khouri & Associates of Sharon, Mass.
The renovation of Bierbrier's 55,000 sf Wellington Circle Plaza in Medford, Mass. is also nearing completion. The center's facade is undergoing a comprehensive redesign and renovation, and contemporary signage will be integrated for the center and all stores. The project, designed by PCA Architects of Cambridge, is being constructed by general contractor Vantage Builders of Waltham. Khouri & Assoc. is also serving as Bierbrier's construction manager. The project is scheduled for completion by the spring of 2008.
At Wellington Circle, Bierbrier also signed Kebob Corner for a 10-year lease to operate a 1,736 s/f restaurant, which is scheduled to open by March of this year. This will be the third Mass. location for Kebob Corner, which also has two locations in Cambridge.