Retail

Project of the Month: Galaxy Development completes first phase of major redevelopment of The Trolley Yard in Worcester

Worcester, MA The Trolley Yard, a mixed-use development located at 287 Grove St., is another major success story for Webster-based developer Galaxy Development.

JLL arranges $295m sale and $157.95m financing for portfolio - sold by Winstanley Enterprises and Surrey Equities

strong>Boston, MA JLL Capital Markets has closed the $295 million sale of–and arranged $157.95 million in acquisition financing for–a portfolio of 11 single-tenant retail buildings net leased on a long-term basis to Stop & Shop

Halprin promoted to president and COO at New England Retail Properties, Inc.

Wethersfield, CT New England Retail Properties, Inc. has promoted Matt Halprin to president and chief operating officer, effective immediately. The promotion follows the departure of outgoing co-founder and president, Mark D’Addabbo, who stepped down effective April 1st.

Shawmut Design and Construction’s renovation of The Langham Hotel to feature GRANA Restaurant

Boston, MA Shawmut Design and Construction presents a major milestone in the renovation of the historic The Langham Hotel: The concept for the destination restaurant, GRANA.

Horvath & Tremblay sells four properties in New England for $16.8 million

West Warwick, RI Horvath & Tremblay has completed the sale of four retail properties in New England for a total of $16.8 million. Bob Horvath, Todd Tremblay, and Hobart Hare of Horvath & Tremblay have completed the sale of CVS Pharmacy in West Warwick.

Marcus & Millichap Capital Corp. arranges a $7.05 million loan for Walmart - adjacent to former site of the former Swansea Mall

Swansea, MA Marcus & Millichap Capital Corporation (MMCC) has arranged a $7.05 million loan to refinance the existing ground lease. Walmart originally opened in the Swansea Mall in 2001, received approvals for the Walmart Supercenter in 2009

Combined Properties, Inc. renews lease to Bank of America

Malden, MA According to Combined Properties, Inc., Bank of America renewed its lease at 157 Centre St. In doing so, the bank expanded its retail footprint from 3,100 s/f to 4,891 s/f. Bank of America shares this first-class retail center

Dragon Group brings Foodland International to Central Plaza in Lowell

Lowell, MA According to Jim Dragon, managing partner for the Dragon Group and Central Plaza Realty LLC, the grand opening was held April 10th of Foodland International at the Dragon Group’s Central Plaza Shopping Center.

Bulman of District Real Estate Advisors brokers two Dollar General deals

Warren, RI Tim Bulman of District Real Estate Advisors completed the sale of a 2019 retrofit construction Dollar General for $1.75 million. Bulman represented the seller in the transaction and Daniel Bernardini of Horvath & Tremblay represented the buyer.

MANSARD facilitates sale of retail condo for $1.5m to NU Kitchen

Newburyport, MA MANSARD has facilitated the sale of 19 Pleasant St. Unit 1. The storefront retail condo features 3,185 s/f on the first floor and 2,952 s/f on the lower level and was completely gutted at the time of sale.