Retail
Marcus & Millichap brokers sale of 10,125 s/f CVS pharmacy for $4.62 million
Norton, MA Marcus & Millichap brokered the sale of CVS Pharmacy a 10,125 s/f net-leased property. The asset sold for $4.62 million. “CVS has operated for over 20 years at this strategic location within the small college town,” said Laurie Ann “L.A.” Drinkwater,
RODE Architects uses hospitality trends
to design five restaurants
Newport, RI RODE Architects has unveiled five new hospitality projects during summer and fall 2023, showcasing modern interior design trends for restaurants in Massachusetts and Rhode Island: Mother Pizzeria, in Newport, RI; Gufo, in Cambridge, MA; Bueno Malo, in Andover, MA; Baleia, in Boston; and Drawdown Brewing Company, in Boston.
Legacy Place opens Life Alive Organic Cafe
Dedham, MA Life Alive Organic Cafe is expanding its footprint in the greater Boston area, opening a new cafe at Legacy Place. The cafe is part of the company’s “Eat Positive. Live Positive.” vision to provide guests with food that tastes as good as it makes them feel.
JJManning Auctioneers completes sale of
Peaceful Meadows property for $2.7335 million
Whitman, MA JJManning Auctioneers have completed the $2.7335 million sale at an August 29th auction of property on behalf of “Peaceful Meadows”, a 2nd generation family-owned/operated ice cream business on Rte, 18. After many decades in business since 1962, the family chose to divest of these landmark assets owned since the 1920s.
Newmark hires five retail real estate experts
Boston, MA Newmark Group, Inc. (Newmark) have hired five retail real estate experts — executive managing director Matt Curtin, senior managing director Greg Covey, and directors Nicole Nielsen, Alden Bush and Ela Hazar. These professionals form Newmark’s Urban Retail Group, specializing in retail tenant and landlord representation in the city; Curtin and Covey co-lead the team.
HFA Architecture + Engineering advise for drive-thru advancements
Boston, MA Hospitality architects from HFA Architecture + Engineering have advised that quick-serve restaurants (QSR) can ramp up performance with drive-thru innovations like upstream ordering, automatic doors, larger canopies and dedicated lanes for mobile orders.
Malone Commercial Brokers arranges sale of 13,650 s/f retail building
South Portland, ME Malone Commercial Brokers has arranged the sale of 725 Bdwy., a 13,650 s/f retail building. The property, previously owned by FT Holdings, LLC, has been acquired by C725 Broadway LLC in a transaction of undisclosed value. Joe Malone and Jennifer Small of Malone Commercial Brokers brokered the deal, which closed on August 22, 2023.
Reveler Development and Porta & Company broker two-year lease for Matcha Mood - 640 s/f
Portland, ME Reveler Development and their commercial broker, Porta & Company, have arranged a two-year lease for Matcha Mood – a brand-new, matcha-focused café. Matcha Mood at 654 Congress St., with the 640 s/f, street-level space is scheduled to open in September.
Club Champion opens 3,100 s/f location with lease arranged by Capital Group Properties
Northborough, MA Custom golf club fitter Club Champion has opened its new fitting studio, located at 10010 Shops Way. The store is open and accepting fitting appointments. This is Club Champion’s third location in Massachusetts. Capital Group Properties arranged the 3,100 s/f lease last spring.
The Boulos Company brokers retail lease for VT Flannel Company - 1,377 s/f
Portland, ME The Vermont Flannel Company has opened a new location leasing 1,377 s/f of retail space at 432 Fore St. In May, the company opened its first Maine location at 47 Main St. in Freeport. Expansion into the state is a milestone for the company, marking its first venture beyond the borders of Vermont, where the company currently operates six stores.