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Brokerage
Posted: February 24, 2023
SCRE represents LMC in two anchor leases totaling 13,167 s/f
Stamford, CT Saugatuck Commercial Real Estate (SCRE) represented the developer, Quarterra/Lennar MultiFamily Companies (LMC), in leasing two anchor retail spaces in “sister” luxury mixed-use developments in Stamford and White Plains, NY. Fidelity Brokerage Services leased 7,490 s/f at The Smyth, 885 Washington Blvd. in Stamford. Citibank N.A. signed a lease for 5,677 s/f at The Mitchell, 131 Mamaroneck Ave. in White Plains, NY. The two leases total approximately 50% of the retail space available across both developments.
Penny Wickey and Daniel Neaton of SCRE represented Quarterra/LMC in both transactions. Colleen Quinn of Quinn Commercial Properties, LLC represented Fidelity Brokerage Services at The Smyth. Daniel Richman of SRS Real Estate Partners – Northeast, LLC represented Citibank N.A. at The Mitchell. Both financial institutions anticipate opening in the second quarter of 2023.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
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