Retail

Fantini & Gorga arranges $2.75 million financing for the acquisition of TGI Fridays

Manchester, CT Fantini & Gorga arranged a $2.75 million first mortgage loan for the acquisition of TGI Fridays. Fantini & Gorga placed the financing on behalf of a long-standing client that has offices here in New England and in Florida.

Summit Realty Partners signs two leases totaling 6,459 s/f

Wayland, MA Summit Realty Partners, Inc. has completed new leases at Wayland Town Center to X-Golf, an indoor golf entertainment concept and Femiluxe, a nail bar and current tenant at Wayland Town Center.  Femiluxe signed a lease to expand their space to meet the needs of their growing business at the center.

JAG adds two retail tenants to J Malden Center: Malden Center Fine Wines and Bit Bar

Malden, MA According to Jefferson Apartment Group (JAG), a leading multifamily developer and operator specializing in apartment communities throughout the East Coast, J Malden Center has signed two new retail tenants to add to a growing mix of local businesses in downtown. The development has also begun pre-leasing the community’s luxury apartment units and will welcome residents at the end of this month. 

Dunne, Gavin, Langer and Pike of CBRE arranges
$30 million sale of 10,695 s/f at 99 Greenwich Avenue

Greenwich, CT CBRE has arranged the sale of a 10,695 s/f CVS located at 99 Greenwich Ave. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners along with Will Pike of CBRE’s Net Lease Property Group, represented the owner, Midwood Investment & Development, in the sale and also procured the buyer, an institutional investor, who acquired the property for $30 million.

Eastern Bank provides construction loans for Arista Development, LLC

Framingham, MA Eastern Bank has provided three construction loans totaling more than $8 million to Norwood-based developer Arista Development, LLC (Arista) for ground-up construction of free-standing retail properties in Framingham, Mass., Bedford, N.H., and Providence, R.I. 

Jay Nuss Realty Group brokers sale of 8,500 s/f for new Lucca South Shore

Rockland, MA Jay Nuss Realty Group, a leading commercial real estate brokerage firm, brokered the sale of Bella’s Restaurant for an undisclosed amount. The new owners Sean Williams, Theodore Kennedy and Matthew Williams, will reopen the restaurant this fall as Lucca South Shore.

JLL closes $55.75 million sale of 578,790 s/f
Lincoln Commons - sold to Acadia Strategic Opportunity Fund V

Lincoln, RI On behalf of Highlands REIT, JLL’s Retail Capital Markets team completed the sale of Lincoln Commons for $55.7 million to Acadia Strategic Opportunity Fund V, a fund managed by Acadia Realty Trust.

Cardente Real Estate brokers $2.99 million sale of 24,150 s/f retail center located at 1041 Brighton Avenue

Portland, ME According to Cardente Real Estate, All-American family, LLC purchased the 24,150  s/f retail center located at 1041 Brighton Ave. from 1041 Brighton Ave., LLC for $2,991,443. 

Newmark Knight Frank completes $10.2 million sale of
Springfield Commons to Paramount Realty Services, Inc.

Springfield, MA Newmark Knight Frank (NKF) completed the $10.2 million sale of Springfield Commons to Paramount Realty Services, Inc. Vice chairman Geoffrey Millerd, senior managing director Justin Smith, director Paul Penman and financial analyst Samantha Torto of NKF’s Boston Capital Markets team –

Code Ninja to open 1,683 s/f at Northborough Crossing

Northborough, MA According to Capital Group Properties, Code Ninja is the newest tenant to sign a lease at Northborough Crossing, a premier open-air retail development.