Remic Properties signs two leases totaling 6,600 s/f in Plaistow
Remic Properties has completed two lease signings at its Plaistow, N.H. shopping center. Access Sports Medicine, previously a subtenant at this location, is now the primary tenant leasing 4,500 s/f for its sports medicine and physical therapy operations. Access Sports Medicine, based in Exeter, N.H. is a group physician practice with other offices in Exeter, Portsmouth and Raymond, N.H.
Remic also signed Colorado-based Evergreen Garden Centers, a hydroponics store specializing in all things needed for indoor gardening. Evergreen is also a tenant in Remic's Rte. 1 Peabody location. Evergreen is leasing 2,100 s/f in Plaistow.
Gary Belowich, president of Remic said, "After renovating the center last summer, we are very happy to bring our Plaistow location back to 100% occupancy. Each of these businesses is a valuable addition to the area." Remic Properties is a shopping center owner/developer with holdings in Maine, New Hampshire and Massachusetts.
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.
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.