Retail
MarketStreet by WS Development welcomes a line of summer retailers
Lynnfield, MA MarketStreet by WS Develpoment has implemented the addition of four brands arriving at the property this season. Women’s fashion retailer, Anthropologie, opened in June, California inspired clothing company, Marine Layer, along with popular jewelry brand gorjana will open soon
East Brown Cow leases 2,126 s/f retail space to Rough & Tumble
Portland, ME Rough & Tumble’s flagship store has officially opened at 176 Middle St. The 2,126 s/f space, which Rough & Tumble leased last June through East Brown Cow, is located on the ground floor of Boyd Block, which was originally constructed in 1867 on the corner of Market and Middle Sts. overlooking Tommy’s Park.
Horvath & Tremblay facilitates
$2.271m sale of new Wendy’s
Bridgeport, CT Bob Horvath, Todd Tremblay, Matt Nadler, and Jason Woods of Horvath & Tremblay have completed the sale of a new construction Wendy’s. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,271,379.
Newmark arranges sale of three
EDENS properties - 40,860 s/f
Wellesley, MA Newmark has facilitated the sale of 34-50 Central St., a collection of three boutique mixed-use buildings. Newmark co-head of U.S. Capital Markets Robert Griffin and managing directors Jonathan Martin and Paul Penman of the firm’s Boston Capital Markets Group represented the seller, EDENS, and procured the buyer, Taymil Partners.
New England Development debuts Alder at Allston Yards Flagship Stop & Shop
Allston, MA The official ribbon cutting for Allston Yards, a project of New England Development, Stop & Shop, Bozzuto and Southside Investment Partners, was held June 20th at 301 Guest St. Allston Yards is the newest mixed-use development. The ribbon cutting will herald the opening of Alder, a 165-unit residential community located above the new flagship Stop & Shop.
CBRE arranges sale of 100,000 s/f retail property for The Grossman Companies
Quincy, MA CBRE has arranged the sale of 130-132 Granite St., a 100,000 s/f retail property. The Grossman Companies, Inc. (TGCI), a family-owned real estate firm with local roots, acquired the property from Regency Centers through a TGCI affiliate. Situated at the intersection of Walter Hannon Pkwy. and Burgin Pkwy. on a 7.1-acre site, 130-132 Granite St. is a neighborhood supermarket center
Marcus and Millichap brokers sale of $12.975m shopping center
St. Albans City, VT Marcus & Millichap has completed the sale of Highgate Commons, a 224,000 s/f grocery-anchored shopping center. The asset sold for $12.975 million. The center was anchored by tenants including Hannaford and T.J. Maxx. James Koury and Alex Quinn, investment specialists in Marcus & Millichap’s Boston office, exclusively marketed the property on behalf of the seller
Atlantic Capital Partners completes sale of Middlesex Marketplace
Burlington, MA Atlantic Capital Partners has completed the sale of Middlesex Marketplace, an institutional-quality multi-tenant strip center 15 miles north of downtown Boston. This 38,243 s/f shopping center was 89% leased to a mix of industry-leading tenants, including Smith & Wollensky, Visionworks, Ideal Image and AFC Urgent Care, amongst others.
Derby Street Shops celebrates 20 years
Hingham, MA Derby Street Shops celebrated its 20th anniversary this past June. Since opening in 2004, Derby Street Shops has evolved as a community hub, integrating shopping and dining with amenities, public art, and experiences and programming. The property is connected to the community more than ever and continues to redefine retail innovation.
Demand for space is now…. Meet the new shoppers - by Carol Todreas
Malls are back - and good retail is upward bound. Just a few years ago they were called dinosaurs and obsolete without much of a future. The weak malls have vanished, but those in class A locations are making a comeback. Repositioned with a relevant mix of uses with stunning architecture and new stores, these reborn malls have savvy retailers standing in line for space.