Linear Retail Properties acquires 2^ndWellesley Square property for $17.6 million

Wellesley, MA Linear Retail Properties, LLC, has acquired 61-71 Central St. – two storefront retail buildings totaling 17,900 s/f in the downtown square, including an adjoining 60 space parking lot. The purchase price was $17.6 million.

M&J Associates leases 3,000 s/f to Luxe Nails & Spa at Acton Woods Plaza

Acton, MA According to Mark Shair of M&J Associates, Luxe Nails & Spa has opened at 44,000 s/f Acton Woods Plaza at the intersection of Rte. 27 and Rte. 2A – Great Rd.

JLL closes sale of Hannaford Supermarket for $18.2 million

Waltham, MA JLL’s Retail Capital Markets team completed the sale of Hannaford Supermarket for $18.2 million to an affiliate of The Grossman Companies. 

Prolman Realty sells 86,000 s/f Merrimack Commons for $3.96 million

Merrimack, NH Prolman Realty, Inc. completed the sale of the Merrimack Commons Shopping Center located at 515 Daniel Webster Highway to GTONH, LLC according to Mark Prolman who represented the seller, Hardman’s Merrimack, LLC and assisted the buyer.  GTONH, LLC is an entity owned by developer, Dick Anagnost.

Callahan appointed to vice president, leasing at Bierbrier Development

Lexington, MA Bierbrier Development has appointed Brian Callahan to vice president, leasing. Callahan will have overall responsibility for marketing and leasing

Newmark Knight Frank brokers $2.4 million sale of 140-150 North Street in Hingham

Hingham, MA Newmark Knight Frank (NKF) has completed the $2.4 million sale of 140-150 North St. to Cayton Capital Advisors, LLC. On behalf of Giarrusso Realty LLC, vice chairman Geoffrey Millerd, senior managing director

Reed of Stebbins Commercial Properties sells 10,500 s/f for $405,000

Manchester, NH Michael Reed, president of Stebbins Commercial Properties LLC, completed the sale of the 10,500 s/f  building (formerly Purely Wood Furniture Store) at 293 Elm St. from 293 Elm Street LLC to Tokena Corp.

NB Development breaks ground on The Track at New Balance

Boston, MA NB Development Group broke ground today on TheTRACK at New Balance at Boston Landing, a multi-sport athletic complex which will offer a pinnacle sports experience for athletes, as well as a concert venue with

Summit Realty Partners brokers .54-acre land lease to Harbor One Bank

Stoughton, MA Summit Realty Partners, Inc. completed a 0.54-acre land lease with Harbor One Bank at 470 Washington St. Harbor One Bank entered into a long-term land lease for the previously undeveloped land at the

Seven essential lease provisions in mixed-use developments - by John Pariseault

Developers who gain control of a property (whether through an option agreement, purchase and sale agreement, or ground lease) and who intend to develop or significantly redevelop the property are often subject to a time-limited permitting period and/or due diligence period specified in the agreement governing the transaction.