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Rowan piercing studio debuts at Legacy Place
April 28, 2023
Dedham, MA Ear-piercing studio, Rowan, makes its Massachusetts debut with its opening at Legacy Place. Rowan brings safety to the forefront with their team of licensed nurses and stylish hypoallergenic jewelry and believes that ear piercing is a milestone moment that should always be accessible, enjoyable and safe.
Northeast Private Client Group has strong Q1 results
April 28, 2023
Shelton, CT According to Northeast Private Client Group (NEPCG), the firm had strong Q1 results, with gross sales closing at over $274 million despite concerns of softening in the commercial real estate market. Despite challenges faced by the industry, NEPCG continues to lead the way in investment sales, demonstrating its commitment to delivering the highest level of service to its clients. The firm’s success is a testament to its team’s expertise,
Richetelli of Colonial Properties completes 2,100 s/f seven year lease
April 28, 2023
Orange, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., represented the landlord, Crossroads Associates, LLC, in the seven year lease of 2,100 s/f office/retail space located at 263 Boston Post Rd. The tenant, IVXpress, Inc., opening its third location in Connecticut
New Hampshire market update April 2023 - by Michael Harrington
April 28, 2023
My career in the commercial real estate industry has spanned a little over three decades, during that time I’ve witnessed three significant market corrections. Those include; the 1989-1991 downturn due to the S&L & Banking Crisis, 2000/2001 High-Tech Bubble and the 2008/2009 Great Recession.
Landlords and tenants in 2023 - by David Skinner
April 28, 2023
There are so many topics that effect industrial real estate in April 2023. My article today will consist of two parts. Part 1 will exhibit my general theory of landlord vs. tenant relationships and how they drive the commercial real estate marketplace. Part 2 will share my understanding of what this means for us in today’s world.
Office market review - by LeGeyt and Harnden
April 28, 2023
When you look at the overall office market in Greater Portland for 2022, the sector was in transition. Another year removed from COVID, and another year, where we still do not believe we have seen the last of its impacts. Firms are still trying to determine how many of their employees will be returning to the office and therefore how much space they will need. Some firms are planning for 40 – 50% of their FTE to be
Watch out for Champion Elevator as they soar above their competition and build their New England op...
April 28, 2023
Champion Elevator’s New England expansion has been a roaring success for property owners and managers, providing them with an outstanding alternative to OEM companies. With the warehouses and operations centers in Shelton, Connecticut and Nyack, New York, Champion offers rapid services to clients at unbeatable prices.
Malone Commercial brokers 10-year lease for
restaurant at East Brown Cow property
April 28, 2023
Portland, ME East Brown Cow and Malone Commercial Brokers have arranged a 10-year lease for Baja California-style taco restaurant, Taco A Go Go, at Zero Canal Plaza. Taco A Go Go will be centrally located in a 1,350 s/f space and will be opening its doors to the public this summer.
Horvath & Tremblay completes sale of two properties for $5.96m
April 28, 2023
Fairhaven, MA Horvath & Tremblay has completed the sale of two properties for a total of $5,957,158. Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of Fresenius Medical Care in Fairhaven. Horvath and Tremblay exclusively represented the seller to complete the transaction at a sale price of $4,157,158. Fresenius is located at 216 Huttleston Ave.
Reservation of rights letter: The insurer’s prenuptial agreement with its insured - by Cole and S...
April 28, 2023
Did you know that when your insurer agrees to defend you in litigation, but reserves the right to disclaim coverage, you have the right to hire your own attorney – and your insurer pays those legal bills?
Simon Property Group opens 15 stores at Wrentham Village Premium Outlets
April 28, 2023
Wrentham, MA Simon Property Group has opened 15 new stores at 1 Premium Outlet Blvd., the Wrentham Village Premium Outlets. In 2023, the center looks forward to the expansion, renovation, and relocation of several globally recognized brands who have made the outlets their home. Versace, Radley London, Lindt Chocolate, and West Elm are among the 15 stores to open at the Wrentham Village Premium Outlets in 2022.
“Project: Pop-Up” comes to Burlington 3rd Avenue
April 28, 2023
Burlington, MA Burlington’s Economic Development Office has partnered with UpNext and Nordblom Properties to offer temporary retail space for the months of May and June for emerging brands at 3rd Ave. The initiative entitled, “Project: Pop-Up,” offers entrepreneurs with fresh ideas an opportunity to test out premium retail space to experiment and expand their concepts.
Keypoint Partners awarded property management
and leasing contracts for two retail properties
April 28, 2023
Lenox, MA Keypoint Partners (KPP) has been awarded the property management and leasing contracts for two retail properties, The Center at Lenox, and Big Y Plaza, West Peabody. The properties were redeveloped by WS Development, who are now transitioning the management and leasing of the centers to KPP on behalf of a family trust.
Atlantic Capital Partners have added Suffoletto, Griffin, and Hovey to its team
April 28, 2023
Boston, MA Atlantic Capital Partners have added Eric Suffoletto, Danny Griffin and Tom Hovey to its team. Suffoletto joins the firm as a partner and managing director, Griffin joins as a vice president and Hovey joins as senior associate. Suffoletto has worked on the disposition, acquisition, or recapitalization of hundreds of net lease retail, industrial, office, and strip centers throughout the country.
Capital Group Properties arranges 3,000 s/f lease for Club Champion
April 28, 2023
Northborough, MA Club Champion, the leading provider of custom golf club fittings, has signed a lease for a new location at Northborough Crossing, a premier open-air retail development. Capital Group Properties arranged the lease signing for Club Champion. Club Champion will occupy 3,000 s/f, and the new studio is anticipated to open by late summer.
Waldman of Waldman & Associates sells ground lease with CVS
for $2.35m and $1.35m property for ...
April 28, 2023
Norton, MA Dan Waldman of Waldman & Associates sold a ground lease with CVS as a tenant at 35 West Main St. for $2.35 million which comes to a 4.7 cap rate. This sale was done in concurrence of CVS’ decision to extend their ground lease through January 2041.
Murray of John M. Corcoran installed as ARM during IREM Boston ceremony
April 28, 2023
Boston, MA Gail Murray was installed as an Accredited Residential Manager (ARM) of the Institute of Real Estate Management (IREM) during the Boston Economic Forecast Luncheon held at Granite Links Golf Club.
Nordlund Associates brokers $2.1 million sale of
56 Mitchell Road - 11,425 s/f industrial facil...
April 28, 2023
Ipswich, MA Nordlund Associates has completed the sale of 56 Mitchell Rd. This 11,425 s/f industrial facility is situated on 1.58 acres. The property sold for $2.1 million which equates to $184 per s/f.
Press of Press|Cuozzo Commercial and
Akbar of Eagle Eye Realty broker $685,000 sale
April 28, 2023
Hamden, CT Stephen Press, SIOR, co-principal of Press|Cuozzo Commercial Services has completed the sale of the 4,600 s/f, two-story office building at 2620 Whitney Ave. Located on high-traffic Rte. 10, at a signalized intersection, the building will be converted from general office use to a specialized dental practice.
Summit Realty Partners sells three buildings on 1.16 acres for $2.55m
April 28, 2023
Burlington, MA Summit Realty Partners, Inc. has completed the marketing and sale of a 12,395 s/f, three-building commercial property on 1.16 acres at 169-175 Cambridge St. (Rte. 3A). The property sold for $2.55 million on April 10th. This 1.16 acre property is improved