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WS Development and Mass General Brigham’s Snowport iceless curling continues
February 23, 2024
Boston, MA Seaport by WS Development, in partnership with Mass General Brigham Health Plan has continued the annual Snowport into 2024 with its iceless curling. A winter experience for all, iceless curling offers Seaport residents and visitors the opportunity to get outside and beat the winter blues through a fun and engaging outdoor activity.
Splendid to open larger location at The Street Chestnut Hill
February 23, 2024
Chestnut Hill, MA The Street Chestnut Hill’s Splendid, a premium lifestyle apparel brand, will be moving to a new, larger store at The Street Chestnut Hill. Having opened its first Massachusetts location at the property in 2013, this expansion is a testament to Splendid's growing popularity and the demand in the area.
Capital Group Properties facilitates 22,000 s/f lease to Tractor Supply Co. at Maynard Crossing
February 23, 2024
Maynard, MA Capital Group Properties have arranged a lease for Tractor Supply Company at Maynard Crossing, a 300,000 s/f mixed-use development anchored by Market Basket. This new Tractor Supply will occupy 22,000 s/f with an additional 20,000 s/f outdoor retail area.
MassDevelopment’s TDI program awards $1.625m in grants for small-business support
February 23, 2024
Attleboro, MA MassDevelopment has awarded $1.625 million in grants to 13 organizations for small-business support programs in Gateway Cities that will fund projects such as storefront improvements, marketing campaigns, technical assistance, and more. The grants were awarded through MassDevelopment’s Transformative Development Initiative
High Street Place, Alewives Taproom and Boulevard Brewing to host Leap Day Beer Dinner
February 23, 2024
Boston, MA High Street Place Food Hall, in collaboration with Alewives Taproom and Boulevard Brewing Co., is presenting a ‘Leap Day Beer Dinner: Beefsteak and Bow Ties’. This event is an invitation for guests to dress in their bow ties and evening gowns to partake in a night of
WS Development’s The Current reopens for 14th season
February 23, 2024
Boston, MA Boston Seaport by WS Development has released the lineup for the 14th edition of the retail incubator, The Current. This season, which began February 1st, will showcase a mix of several new and returning businesses in apparel, beauty, and sweets, each bringing experiences and products to the waterfront.
Siasconset Market sold for
$5.2 million to ‘Sconset Trust
February 23, 2024
Nantucket, MA The Siasconset Market, a staple of the village on Nantucket’s east end, was sold by owner Mark Donato to the ‘Sconset Trust for $5.2 million. The ‘Sconset Trust will be a mission-driven landlord to ensure that the market remains a key resource for the village into the future.
H&M signs lease for 16,000 s/f location at Burlington Mall
February 23, 2024
Burlington, MA H&M, a fashion retailer famous for offering fashion and quality at affordable prices in a sustainable way, has opened a new location. Measuring 16,000 s/f, the new location at Burlington Mall joined the eight popular H&M destinations in the state on February 8, 2024.
Freudenheim Partners and Engel & Volkers
arrange $7.35m sale
February 23, 2024
Framingham, MA Freudenheim Partners negotiated the sale of 280 Worcester Rd. The 31,199 s/f single-story retail building was purchased for $7.35 million. Situated on Rte. 9, one of the city’s busiest shopping districts, 280 Worcester Rd. provides access from major highways, including the
Derby Street Shops to open bartaco restaurant
February 23, 2024
Hingham, MA Derby Street Shops’ dining options are expanding with the arrival of bartaco, opening at the property later this year. bartaco has fresh, upscale street food served in a welcoming, laid-back setting. Marking its debut on the South Shore, guests can look forward to indulging in bartaco’s signature specialties
IPA completes $21 million sale of
Brookside Shops - 75,529 s/f
February 23, 2024
Acton, MA Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the sale of Brookside Shops, a 75,529 s/f neighborhood shopping center for $21 million. “Anchored by the only Trader Joe’s within a 10-mile radius, Brookside Shops is a well-established center where tenants that have been in place for over 20 years
Ginsberg and McMahon of Summit Realty arrange four new leases with Tropical Smoothie Café
February 23, 2024
Lexington, MA Summit Realty Partners, Inc. has completed four retail lease transactions with Tropical Smoothie Café. This brings the total number of leases that Summit Realty has completed with Tropical Smoothie Café to 20. Travis Ginsberg and Chris McMahon from Summit Realty Partners
J. Safra Real Estate acquires Faneuil Hall Marketplace
February 23, 2024
Boston, MA J. Safra Real Estate (JSRE), the real estate arm of The J. Safra Group (The Group), will acquire Faneuil Hall Marketplace. JSRE’s acquisition of this signature property from Ashkenazy Acquisition Corporation (AAC) will add to its existing global signature portfolio of high quality assets including the Gherkin Building in London and 660 Madison Ave.
Atlantic Capital Partners brokers $24.65m sale
of 115,000 s/f North Town Center
February 23, 2024
Stratford, CT Atlantic Capital Partners has completed the sale of North Town Center, a grocery-anchored shopping center. The asset, which traded for $24.65 million, is anchored by a Big Y Supermarket, one of the most desirable shopping centers in the trade area given the property’s
No downturn predicted for the Southern New Hampshire market - by Michael Harrington
February 23, 2024
The New Hampshire industrial market remains resilient despite the recent increase in vacancy rates. As I pointed out in my August 2023 NEREJ article, New Hampshire has not been immune from the effects of national macro-economic conditions. Increases in interest
Small bays for big boys (and girls) - by David Skinner
February 23, 2024
What makes a good investment in a world where interest rates are almost as high as the age of the next presidential options, or perhaps as high as the rest of the country seems to be on the next alleged “football dynasty” (which is in fact nothing of a dynasty
Medford Housing Authority leases
5,300 s/f from Cummings
February 23, 2024
Medford, MA Medford Housing Authority (MHA) just relocated its operation from Riverside Ave. to 200 Boston Ave., a newly renovated building within Cummings Properties’ innovation campus. The 5,300 s/f facility will house MHA’s administrative, finance, and Section 8 offices during an
Debunking CMBS loan myths: A secure source of commercial real estate lending - by Ian Lane
February 23, 2024
Following the failure of Silicon Valley Bank and other regional lenders this year, and the increased regulatory scrutiny and the shift of deposits to larger banks, it is no surprise that regional banks have tightened lending standards for commercial real estate (CRE) loans.
Fox of Compass brokers $1.795 million sale in Providence
February 23, 2024
Providence, RI Compass has completed the sale of 44 Stimson Ave. on the East Side of the city for $1.795 million. Kevin Fox, a founding agent of Compass’ local office, represented the buyer in this transaction.
Nickerson names Reinert chief marketing officer
February 23, 2024
Boston, MA Nickerson, a global full-service branding, marketing, PR and communications agency specializing in the built environment, has named Amy Reinert as chief marketing officer (CMO). In her new role, Reinert brings over 20 years of strategic and creative marketing expertise building brands