Retail
Trader Joe’s to open in Back Bay at 500 Boylston St. with 16,500 s/f retail space
Boston, MA Trader Joe’s has secured approval from the Boston Licensing Board to sell alcohol at its upcoming new store at 500 Boylston St. in Back Bay. The new store will be half a mile from the company’s existing location in the neighborhood. The chain has received a building permit for plumbing work for retail space.
Quinn of SVN | Parsons completes 20,725 s/f of leases at Ledgemere Park
Ashland, MA Senior advisor Garrett Quinn of SVN | Parsons Commercial Group | Boston has completed 20,725 s/f of lease renewals and new deals at 260 - 300 Eliot St. also known as the Ledgemere Industrial Park. The six-building portfolio is owned and managed by Parsons Commercial Group, Inc. and consists of 245,000 s/f of flex, industrial and retail space.
F1 Arcade to open first U.S. location in the Seaport - 16,000 s/f
Boston, MA F1 Arcade, the world’s first official Formula 1 simulator racing experience to put socializing at its core, is opening its first U.S. location in the Seaport in March 2024. Combining social gaming with the excitement, glamour and thrills of Formula1, as well as food and drink offerings
Heidenberg Properties rebrands retail property and adds 60,000 s/f
Berlin, VT Heidenberg Properties Group has rebranded what was formerly the Berlin Mall as the Central Vermont Marketplace. The name change is a part of the property’s transition from a traditional mall into a mixed-use town center. This new era began in June 2022 with the opening of Chestnut Place
Seaport x Black Owned Bos. Market retail pop-up returns for the summer
Boston, MA Seaport x Black Owned Bos. Market returns to the Seaport neighborhood for its fourth year with a record of over 60 vendors for the market’s 2023 season. Seaport x Black Owned Bos. Market was named the “Best Retail Pop Up of 2021” by Boston Magazine
The Boulos Company sells Legion Square Market building to Mainely Burgers
South Portland, ME 101 Ocean LLC purchased the former Legion Square Market building at 101 Ocean St. The LLC is operated by Jack and Max Barber, owners of Mainely Burgers food trucks and Mainely Burgers restaurant in Boston, MA.
Horvath & Tremblay brokers sale of Stop & Shop anchored center for $21.9m
Hudson, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of the grocery-anchored Center at Hudson. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $21.9 million at a 6.35% cap rate.
Newmark completes $45.25m sale
of 127,505 s/f Lincoln Plaza
Hingham, MA Newmark completes the $45.25 million sale of Lincoln Plaza, a grocery-anchored shopping center located 15 miles southeast of Boston. Newmark co-head of U.S. Capital Markets Robert Griffin and managing directors Jon Martin and Paul Penman of the firm’s Boston Capital Markets Group represented the seller.
Commercial Realty Advisors leases 2,041 s/f to the Cordial Eye Gallery
Hyannis, MA Kevin Pepe, owner and managing director of Commercial Realty Advisors, Inc., has listed and leased 2,041 s/f of office/retail space located at 255 Main St. The agreement closed on April 13th. The new tenant is The Cordial Eye Gallery and Artist Space.
NAI Glickman Kovago & Jacobs brokers
$734,000 sale to 153 Green Street LLC
Worcester, MA NAI Glickman Kovago & Jacobs facilitated the $734,000 sale of 153 Green St. The seller, Boston Capital Development LLC was represented by NAI Glickman Kovago & Jacobs principal Michael Jacobs. The buyer is 153 Green Street LLC.