Retail Mid-Summer 2023 - by Carol Todreas

Since the beginning of the year the list of retailers who have filed for Chapter 11 seems to have grown exponentially with one of the recent ones, Christmas Tree Shops,being a bit tough to swallow since it had been local to New England and a favorite for many. The old way of doing retail is no longer viable; yet, retailers who know their market are clamoring for space in good malls.

Haynes Group and Phase Zero Design breaks ground
on new Mighty Squirrel location - 13,000 s/f

Boston, MA The secret is out, another Mighty Squirrel location is coming. “We are thrilled to announce that we are building a brewery and taproom in the Fenway neighborhood of Boston at 1 David Ortiz Dr., steps from Fenway Park,” said Naveen Pawar, the co-founder of Mighty Squirrel.

East Brown Cow and Malone Commercial arrange 2,126 s/f seven-year lease

Portland, ME East Brown Cow and Malone Commercial Brokers have arranged for Rough & Tumble to sign a seven-year lease at 178 Middle St., bringing a popular local retailer to the heart Old Port following their decision to again locate a “flagship store”. The 2,126 s/f space is located on the ground floor of the brick building at the corner of Market and Middle Sts.

MassDevelopment with RCB provides $6.57m loan for mixed-use renovation

Lawrence, MA MassDevelopment has partnered with Reading Cooperative Bank (RCB) to provide $6.57 million in loan financing to 115-125 Essex Street LLC, an affiliate of Jowamar Companies, to buy, renovate, and convert two vacant contiguous buildings at 115-123 Essex St. and 125 Essex St. into a new single five-story mixed-use building.

Conway Development and Palm Coast Capital arrange the development of new Tractor Supply location

North Conway, NH Matt Halprin, principal of Conway Development Partners, has arranged for the development of a new Tractor Supply location. The location is at the roundabout off of North South Rd. directly  across from the new entrance to Settlers Green Outlets and Market Basket . This will be Tractor Supply’s 21st  store in New Hampshire.  

Check out NEREJ's
Mid-Year Review!

Check out NEREJ's Mid-Year Review!

Casey of Sweeney Real Estate & Appraisal arranges $865,000 sale for Providence Barbell Club new location

Providence, RI Providence Barbell Club, LLC purchased 479 Washington St. for $865,000. The 4,934 s/f building with the associated parking area will serve as the clubs new location. Providence Barbell Club was located at 715 Branch Ave. 

The Boulos Company arranges $1.35m sale
for Portland Art Gallery

Portland, ME Portland Art Gallery owner, Kevin Thomas, and gallery director, Emma Wilson, purchased 154 Middle St. for $1.35 million from Peak 5 Equities, LLC. They have operated in this location since 2011. Greg Boulos of the Boulos Company represented 154 Art Ventures, LLC in the transaction. 

Insa Cannabis opens fifth location at
20 Stockwell Drive in Avon, MA

Avon, MA Insa, Inc., an independent, Massachusetts-based medical and adult-use cannabis company, has opened its fifth cannabis dispensary in Massachusetts. This medical dispensary will be Insa’s first location on the South Shore. Committed to offering the broadest selection of crafted, premium cannabis products,

Commercial Realty sells Chatham Boat Company

Chatham, MA Chatham Boat Company, a renowned full-service boatyard, founded by Paul Avellar and Paula St. Pierre in 2002, has recently sold. The sale of Chatham Boat Company, Beachcomber Boat Tours, and the real estate located at 174 Crowell Rd. was finalized on May 22. Coordinating the sale was Brad Kuhrtz and Craig Campbell, both of Commercial Realty Advisors.