Realty Partners, NE secures four leases for Dunkin' Donuts
Realty Partners, NE represented the landlord and tenant, Dunkin' Donuts, on four lease transactions at West Prospect Ave., Utica Ave., Flatbush Ave., and 17th St.
Realty Partners, NE is the exclusive leasing agent for the largest Dunkin' franchisee in the Brooklyn market who owns and operates multiple units and commissaries throughout Brooklyn, Queens, and Manhattan.
The tenant space requirements include either in-line or corner locations ranging from 1,100 to 1,600 s/f and in most cases include basement storage areas. Dunkin' typically accepts the premises in an "as-is/where-is" condition and retrofits the interior and exterior to a prototypical Dunkin' Donuts.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.