Retail

Fantini & Gorga arranges $7.95m in financing for three retail properties

Plymouth, MA Fantini & Gorga has placed three separate loans totaling $7.95 million for three retail properties located in southeastern Massachusetts. The transactions included an acquisition loan of $3 million for a ground leased gas station in Plymouth

RK Centers acquires two retail properties totaling $41.6 million - including 114,244 s/f Walmart Supercenter at 770 Broadway, Saugus, MA

Medfield, MA The steady growth of RK Centers of Needham, Mass.continues with the company’s December acquisitions of two landmark retail centers: the 87,614 s/f plaza formerly known as The Medfield Shops – rebranded as RK Medfield Shops –  on Rte. 109 (230 Main St.) in Medfield, and the 114,244 s/f Walmart Supercenter at 770 Broadway (Rte. 1) in Saugus.

Jeremiah 29 LLC breaks ground on 80,000 s/f self storage facility - Aho Construction awarded the contract to construct the building

Marlborough, MA Jeremiah 29 LLC has broken ground on its new 80,000 s/f climate-controlled self storage facility at 215 Simarano Dr. The building will be situated on a dedicated three-acre site off I-495. 

Bowden of the R. Calabrese Agency sells 14,000 s/f for $1.2 million

Meriden, CT Bob Bowden of the R. Calabrese Agency has completed the sale of a property located at 671 East Main St., formerly owned and occupied by CVS.

Project of the Month: Callahan Construction Managers completes 768,000 s/f mixed-use development - Montaje

Somerville, MA Callahan Construction Managers (Callahan), a Bridgewater-based full-service construction management firm, recently completed Montaje, a new mixed-use development in the heart of Assembly Row for Federal Realty Investment Trust. 

Horvath & Tremblay sells Stop & Shop ground lease for $11 million - located at 51 Sparks Ave. on Nantucket

Nantucket, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of the ground lease to Stop & Shop. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $11 million.

Northeast Retail Leasing & Management Company leases 7,100 s/f to Town Fair Tire

Littleton, MA According to Daniel Plotkin of Northeast Retail Leasing & Management Company LLC, East Haven CT based Town Fair Tire Centers has opened its 97th store at 501 Great Rd. Plotkin said that Town Fair Tire, New England’s largest tire retailer

Three takeaways from ICSC New York Deal Making show - by Diana Perry

Show me the money!...or show the digital retailers going B&M anyway. Retail in Focus, Follow the Money session focused on the opportunities and challenges strategic partnerships have between VCs and new retailers. Addie Lerner, principal of General Catalyst blew me away in her to-the-point thoughtful explanations.

McMahon and Ginsberg of Summit Realty Partners lease 26,000 s/f to Altitude Trampoline Park at Horace Mann Plaza

Franklin, MA Summit Realty Partners is pleased to announce a recent lease signing on behalf of Franklin Shoppers Fair, Inc. a Massachusetts-based shopping center landlord. Chris McMahon and Travis Ginsberg represented the landlord in the transaction.

Linear Retail holds ribbon cutting for 2,803 s/f Caffé Nero in Concord

Concord, MA Linear Retail Properties, LLC, held a ribbon cutting ceremony for Caffè Nero. The 2,803 s/f café is now officially open at 55-57 Main St. in the historic Friend Block.