Retail
Bialow Real Estate elevates Jaffe and Mahr to partner
Needham, MA Bialow Real Estate has elevated both Andrew Jaffe and Andrew Mahr to be partners of the organization. Along with founder/CEO Corey Bialow, the three will continue to grow the business, including working with several national franchises on their expansions, multiple “eatertainment” concepts looking to enter markets across the U.S. and a number of chef-driven and full-service dining experiences.
Keypoint Partners awarded property management
and leasing contracts for two retail properties
Lenox, MA Keypoint Partners (KPP) has been awarded the property management and leasing contracts for two retail properties, The Center at Lenox, and Big Y Plaza, West Peabody. The properties were redeveloped by WS Development, who are now transitioning the management and leasing of the centers to KPP on behalf of a family trust.
Malone Commercial brokers 10-year lease for
restaurant at East Brown Cow property
Portland, ME East Brown Cow and Malone Commercial Brokers have arranged a 10-year lease for Baja California-style taco restaurant, Taco A Go Go, at Zero Canal Plaza. Taco A Go Go will be centrally located in a 1,350 s/f space and will be opening its doors to the public this summer.
Stallkamp of The Boulos Company brokers $4.25m deal for Baywood Hotels
Portsmouth, NH Baywood Hotels, a leading hotel management and development company, has purchased 165 Deer St., Lot 3 for $4.25 million from Foundry Place Hotel, LLC. The Boulos Company’s Christian Stallkamp brokered the deal on behalf of the seller.
LEGO Discovery reveals 20-foot giraffe
as part of $12 million renovation
Boston, MA LEGO Discovery Center Boston revealed an all-new 20-foot giraffe as part of the attraction’s refurbishment. The creation took features 22,000 LEGO DUPLO bricks. The LEGO Discovery Center, opening this spring, unveiled the new colorful giraffe as part of the $12 million renovation.
Northeast Private Client Group represents $2.2m sale of two mixed-use properties
Holliston, MA Northeast Private Client Group (NEPCG) has completed the sale of 85 Central St. mixed-use property in Holliston and 185-187 Main St. mixed-use property in Maynard, Mass. Senior associates Drew Kirkland, Francis Saenz, and Jim Casey represented the sellers and procured the buyers for both transactions.
Waldman of Waldman & Associates sells ground lease with CVS
for $2.35m and $1.35m property for future dispensary
Norton, MA Dan Waldman of Waldman & Associates sold a ground lease with CVS as a tenant at 35 West Main St. for $2.35 million which comes to a 4.7 cap rate. This sale was done in concurrence of CVS’ decision to extend their ground lease through January 2041.
Capital Group Properties arranges 3,000 s/f lease for Club Champion
Northborough, MA Club Champion, the leading provider of custom golf club fittings, has signed a lease for a new location at Northborough Crossing, a premier open-air retail development. Capital Group Properties arranged the lease signing for Club Champion. Club Champion will occupy 3,000 s/f, and the new studio is anticipated to open by late summer.
Atlantic Capital Partners have added Suffoletto, Griffin, and Hovey to its team
Boston, MA Atlantic Capital Partners have added Eric Suffoletto, Danny Griffin and Tom Hovey to its team. Suffoletto joins the firm as a partner and managing director, Griffin joins as a vice president and Hovey joins as senior associate. Suffoletto has worked on the disposition, acquisition, or recapitalization of hundreds of net lease retail, industrial, office, and strip centers throughout the country.
“Project: Pop-Up” comes to Burlington 3rd Avenue
Burlington, MA Burlington’s Economic Development Office has partnered with UpNext and Nordblom Properties to offer temporary retail space for the months of May and June for emerging brands at 3rd Ave. The initiative entitled, “Project: Pop-Up,” offers entrepreneurs with fresh ideas an opportunity to test out premium retail space to experiment and expand their concepts.