Retail

Watertown Mall Associates LP sells Watertown Mall for $130 million - Alexandria Real Estate Equities acquires 260,867 s/f shopping center

Watertown, MA JLL Capital Markets has closed the $130 million sale of Watertown Mall, a 260,867 s/f shopping center situated on 17.8 acres.

Stout of Atlantic Properties brokers $4.55 million sale on behalf of PRRL Associates, LLC - 1470 New State Hwy. sold to Shri Gopinathji, LLC

Raynham, MA On behalf of PRRL Associates, LLC, Atlantic Properties has sold 1470 New State Hwy. to Shri Gopinathji, LLC for $4.55 million. 1470 New State Hwy. is a 66,000 s/f retail center on 8.57 acres. Tenants include Signature Healthcare, Speedy Oil Change, Appliance Parts Center and Signarama.

JLL Capital Markets closes $11.5m sale of Franklin Hannafords

Franklin, NH JLL Capital Markets has closed the $11.5 million sale of a 51,230 s/f, single-tenant Hannaford Supermarket. A subsidiary of Ahold Delhaize USA, Inc., the third-largest supermarket operator in the U.S., Hannaford Supermarket is the dominant grocery operator in northern New England.

Boston Seaport by WS Development partners with The Makers Show

Boston MA Boston Seaport by WS Development has formed a new partnership with The Makers Show, a curated market platform rooted in social justice that brings decades of experience producing New York City markets, to create a holiday market this winter.

Keypoint Retail Newsletter: The mall: A continuing saga

Consider the enclosed mall. Even a casual observer could tell you that, arguably, no category of retail real estate has been the focus of such concern and conjecture or has undergone such upheaval – not just during the pandemic but for many years before.

The future of the ground floor - by Michael Wang

Ground floor spaces in mixed-use buildings have long been charged with the responsibility of shaping a meaningful dialogue with urban streetscapes, helping to ensure their vibrancy, as well as provide human scale and safety.

Blue Back Square sold to Charter Realty - purchased from Starwood Retail Partners

West Hartford, CT According to Charter Realty & Development Corp., they have acquired Blue Back Square, one of the most sought-after destinations in the region, boasting some of the finest entertainment, restaurant, retail, and housing experiences in the Greater Hartford area.

Night Shift Brewing opens at Assembly Row

Somerville, MA At Assembly Row, the city’s fast-growing neighborhood, Night Shift Brewing launches an Owl’s Nest beer garden location this summer with food by The Smoke Shop BBQ, serving as the centerpiece of a newly activated greenspace.

Cisco Brewers and Tuscan Kitchen to open outside venues at Seaport

Boston, MA Known for creating some of the best outdoor experiences in the city, Seaport announces two of its most popular outdoor food and drink destinations will return for an extended season. The Cisco Brewers Seaport Beer Garden came back for its fourth year

Koury of IPA handles $15.8 million of 25,349 s/f retail unit sale at Vita

Jamaica Plain, MA Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the sale of 25,349 s/f of ground floor retail in Vita, a newly constructed condominium and retail development.