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Eysenbach of R.W. Holmes negotiates $1.9 million
sale of industrial building
August 25, 2023
Ashland, MA R.W. Holmes negotiated the sale of a boutique industrial building located at 200 Butterfield Dr. The 12,000 s/f property was purchased by George Kong. The seller was Butterfield Realty, LLC. The boutique building was sold for $1.9 million. R.W. Holmes executive vice president John Eysenbach represented the seller in the transaction. The buyer was represented by James Keefe of Greater Boston Commercial Properties, Inc. (GBCP).
E4H Environments for Health Architecture welcomes Garcia as director of client relations in Boston
August 25, 2023
Boston, MA E4H Environments for Health Architecture, one of the top-ranked architecture firms solely dedicated to healthcare and health science + technology facility design, has welcomed Anne Marie Garcia, LEED AP, as director of client relations for the New England region.
The Stubblebine Company and JLL arrange $14.5 million sale of 229,867s/f industrial building to ERD ...
August 25, 2023
Westfield, MA The Stubblebine Company/CORFAC International has completed the sale of 323 Lockhouse Rd. to ERD Metal Inc. for $14.5 million. The subject property consists of a 229,867s/f industrial building on 26.09 acres with a clear height of 24’-28’. Situated two miles from I-90, and seven miles from I-91, the property is located adjacent to Westfield-Barnes Regional Airport.
Dunne, Bardsley, Langer, Blumenkrantz and McCormick of CBRE handle $29.75 million sale of Pond View ...
August 25, 2023
Farmington, CT According to CBRE, Jeffrey Dunne, Steven Bardsley, Travis Langer and Daniel Blumenkrantz of CBRE’s Institutional Properties, in collaboration with John McCormick of CBRE’s Advisory and Transaction Services represented the seller, POND, LLC,
Atlantic Retail partners sells 11.5-acre property
August 25, 2023
Somerville, MA Atlantic Retail has sold 65-75 Mystic Ave. The 11.5-acre property inclusive of Home Depot is located in the Assembly Square neighborhood. The transaction was facilitated by David Smookler and Peter Considine who represented the seller, I-93 Somerville, LLC and Tony Ciccolo who represented the buyer, Cabot, Cabot & Forbes (CC&F) and Cannon Hill Capital Partners.
Arc’teryx apparel and equipment store to open at MarketStreet Lynnfield
August 25, 2023
Lynnfield, MA MarketStreet Lynnfield is opening Arc’teryx, the global design company specializing in technical high-performance apparel and equipment, at the property in winter 2023. Headquartered in North Vancouver, British Columbia, Arc’teryx was founded on the idea that there is always a better way and is known for leading innovations in climbing, skiing and alpine technologies.
Town of Burlington to host weekly Beer Garden & Local Business Fest
August 25, 2023
Burlington, MA The Town of Burlington is bringing back their September Town Center Beer Garden & Local Business Fest Thursdays promoting the support of local businesses and regional breweries. Beginning Thursday, September 7, various New England-based breweries will be on location serving their specialty beverages along with a variety of non-alcohol options from 4:30pm-8:30pm.
DGLF awards $5,000 in grants to Massachusetts non-profits
August 25, 2023
Boston, MA The Dollar General Literacy Foundation (DGLF) has awarded more than $5,000 in youth literacy grants to Massachusetts nonprofit organizations. The funds are part of nearly $2.6 million awarded across the country for recipients to use the funds to purchase books, technology, equipment or materials to help extend a brighter future for K-12 students.
Torrington Properties acquires the Mall at Fox Run with 250,000+ s/f
August 25, 2023
Newington, MA Torrington Properties (Torrington) has acquired the Mall at Fox Run from Morgan Stanley. The more than 250,000 s/f mall is home to over sixty stores and restaurants, including local and national retailers such as Seacoast Cars & Coffee, Aeropostale, American Eagle, Bath & Body Works, H&M, LOFT, Men’s Wearhouse and Yankee Candle.
Derby Street Shops opens performance apparel store - Rhone
August 25, 2023
Hingham, MA Rhone, the men’s high-performance apparel brand engineered for an active lifestyle continues its brand expansion in Massachusetts with a new store opening at Derby Street Shops in late summer 2023. “We are excited to open our doors at Derby Street Shops and look forward to continue building the Rhone brand in the Boston area.
Nordblom Company opens pop-up retailer Plaid Pine Designs on 3rd Ave.
August 25, 2023
Burlington, MA Nordblom Company celebrated the grand opening of its newest pop up retailer, Plaid Pine Designs, at their popular retail, dining and entertainment destination, 3rd Ave. Plaid Pine Designs creates high-quality, functional children’s clothing, while putting sustainability at the forefront.
Second Horizon Capital closes on Kingston Collection - 473,000 s/f retail space
August 25, 2023
Kingston, MA Second Horizon Capital has closed on its acquisition of Kingston Collection, a 473,000 s/f retail space. With this acquisition, Second Horizon Capital continues its work of transforming challenged commercial real estate projects and aims to make Kingston Collection a vibrant and entertaining community hub for the South Shore.
MarketStreet Lynnfield opens dual-concept Asian restaurant
August 25, 2023
Lynnfield, MA MarketStreet Lynnfield has welcomed the casual dual-concept Asian restaurant, Soi 8 / Sushi Ike to their dining offerings. Taking diners on a culinary journey from Japan to Southeast Asia, the new restaurant combines the best of a traditional Japanese sushi restaurant and a lively Thai/Southeast Asian street food experience.
Waldman of Waldman & Associates sells South Plaza for $4.7 million
August 25, 2023
Milford, MA The South Plaza, an 80,000 s/f property located at 146 South Main St., was sold on July 6, 2023, for $4.7 million which is 7.9 cap. Dan Waldman of Waldman & Associates represented the owner and procured the buyer. Waldman started leasing the plaza several years ago when it was 50% vacant. Now it is 100% leased, and the new tenants are thriving.
Horvath & Tremblay sells two properties
totaling $4,792,400
August 25, 2023
Danbury, CT Horvath & Tremblay has completed the sale of two properties in New England for a total of $4,792,400. Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of the Chipotle Plaza. Horvath and Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,271,400. Chipotle Plaza is located at 81 Newtown Rd.
Marcus & Millichap arranges two retail sales with one 4.9% cap rate
August 25, 2023
Bedford, NH Marcus & Millichap have completed the sale of two triple net-leased retail properties. The transactions included the sale of a Trader Joe’s and Friendly Toast. “The Trader Joe’s was placed under agreement at a market-leading cap rate of 4.9%, and the buyer never re-traded pricing when the market shifted,” said James Koury, senior managing director investments.
Arsenal Yards expands its culinary and wellness offerings with new restaurants
August 25, 2023
Watertown, MA Arsenal Yards, the new neighborhood in the historic East End from Boylston Properties and Wilder, is welcoming new dining, health, and wellness offerings, in addition to gearing up for additional openings over the coming months.
Atlantic Capital Partners brokers sale
of the Walpole Mall for $71.95 million
August 25, 2023
Walpole, MA Atlantic Capital Partners have sold the Walpole Mall, an ideally located regional shopping center, for $71.95 million. Justin Smith, head of capital markets; Chris Peterson, vice president; Sam Koonce, vice president and Danielle Donovan, senior analyst; oversaw the transaction
Navigating current trends and future outlooks in commercial property management in Boston - by ChatG...
August 25, 2023
As Boston, Mass. continues to evolve as a hub of innovation and economic growth, the commercial property management landscape is witnessing significant shifts that are shaping the industry’s present and future. From the integration of smart technologies to the growing emphasis on sustainability,
Entrepreneurship: Risk or reward - by Dennis Serpone
August 25, 2023
In today’s economic climate, combined with the estimates of ‘people in the know’, 2024 and 2025 are going to be financially stressful years. Oil is anticipated to go back well over the $100/barrel figure to as high as $300/barrel due to the still charging inflation that is expected