Retail

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, one of New England’s largest tire retailers

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 negotiated 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.

Allen & Major Assoc. completes MGM Springfield on 14.5 acres - team includes AECOM Tishman; Davenport; and Form + Place

Springfield, MA Allen & Major Associates, Inc. (A&M) was retained by the development team of Blue Tarp ReDevelopment, AECOM Tishman, Davenport Cos., Form + Place to provide master planning, full site design, land survey, permitting and landscape/hardscape design services for this hotel and resort casino.  

Hickey and Loyack join Bierbrier Development

Lexington, MA Bierbrier Development has appointed Maura Hickey as marketing and communications manager. Hickey  will be responsible for managing marketing and communications initiatives and strategies, and for creating brand awareness

A developer’s guide to mixed-used developments - by John Pariseault

The Trend Toward Mixed-use Development: If one leafs through any real estate trade journal or visits local retailers, it becomes apparent that traditional retail is changing. Developers and retailers share the desire to create projects that attract people on many levels

Clough and Hixon of Fantini & Gorga arrange $15.55 million financing

Boston, MA Fantini & Gorga has arranged four loans totaling $15.55 million to refinance a portfolio of mixed-use properties located at 167, 168, 176 and 303-305 Newbury St. These properties collectively feature 20,190 s/f of premier retail and office space, as well as residential units. Newbury St. continues to evolve and remains Boston’s premier destination for shopping and dining.

Southwest Properties signs 2,850 s/f long-term lease with Dairy Queen

Worcester, MA Southwest Properties, LLC of Sutton, Mass. has signed a long-term lease with Worcester’s first Dairy Queen&nbs...