RHYS Commercial exclusive broker for retail space at 340 Greenwich Avenue
RHYS, a full-service commercial real estate firm specializing in agency leasing, tenant representation and investment sales, has been retained as the exclusive broker for prime retail space located at 340 Greenwich Ave.
Located next to Restoration Hardware's new flagship and Apple's Greenwich location, the 3,000 s/f space includes 33 feet of frontage and is also directly across the street from Richard's, one of the highest volume private retail stores in the country.
Greenwich Ave. is widely known as one of the premier retail streets in the U.S. Other area tenants include Tiffany & Co., Ralph Lauren, Brooks Brothers, Vineyard Vines, J. Crew, Saks Fifth Avenue, Tory Burch, Hermès, Zara, Michael Kors, Theory, TUMI and numerous other national and regional luxury retailers.
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.