RK Centers acquires two retail properties for $7.075 million

Needham, MA According to Ken Fries, director of leasing, acquisitions and development for RK Centers, the company has continued to grow its New England retail portfolio with the acquisition of two properties along the Highland Ave./Needham St. retail corridor.

JLL Capital Markets arranges $7.5m refinancing for Pond St. Mall

Newburyport, MA JLL Capital Markets has arranged a $7.5 million refinancing for Pond Street Mall, a 28,164 s/f, CVS-anchored retail center. JLL worked on behalf of the borrower, Quincy & Co., to place the long-term, fixed rate, non-recourse loan with Centreville Bank. Loan proceeds will be used to repay an existing loan.

Blakely of TRB Realty closes $5.125 million sale of West Central Plaza

Franklin, MA TRB Realty has closed the $5.125 million investment sale of West Central Plaza, a 10,040 square foot retail strip center.  TRB Realty marketed the property exclusively on behalf of the seller, West Central Plaza

Winstanley Enterprises and Surrey Equities acquire 23 supermarket properties for $150m

Concord, MA In a major year-end real estate transaction, Winstanley Enterprises, LLC and Surrey Equities, LLC. have closed on an established portfolio of 23 triple-net leased supermarkets from Ahold Lease USA, Inc., for $150 million.

Sherin and Lodgen reps MassDOT in long-term ground lease for Haymarket Hotel and retail project

Boston, MA According to law firm Sherin and Lodgen LLP, its real estate department represented the Mass. Department of Transportation (MassDOT) in the negotiation of a long-term ground lease for a $125 million development project at 111 North St.

Shake Shack now open at Arsenal Yard

Watertown, MA Shake Shack is now open at Arsenal Yards. A grand opening holiday event took place on December 21st. The Shack is located at 106 Arsenal Yards Blvd. The new location will be part of Arsenal Yards, a new neighborhood that

Question of the Month: How do you re-invent the retail experience? Reviving outdated signage can be a major step - by Richard Poyant

Signage plays a key role in keeping your retail property’s brand image relevant and up to date – especially in a time when e-commerce is becoming more popular and preferred among today’s shoppers. It is important to maintain a vibrant, fresh, and inviting environment for your shopping center

Newmark Knight Frank orchestrates $16 million sale of The Mall at Whitney Field - on behalf of Colony Capital to Hull Property Group

Leominster, MA Newmark Knight Frank (NKF) has completed the $16 million sale of The Mall at Whitney Field, on behalf of Colony Capital to Hull Property Group.

CSI assists New England Farms, Inc. in sale of five stores to Nouria Energy

Gilford, NH C-Store Investments, LLC (CSI), a Northeast based consulting firm that provides advisory services to the convenience store and retail petroleum industry, has provided advisory and transactional services to New England Farms, Inc

Tuscan Brands to open a new restaurant in spring in Newburyport, Mass.

Newburyport, MA According to Newburyport Development, Tuscan Brands will open a new restaurant concept at 54 Merrimac St. in downtown in the spring. Tuscan Brands new concept will feature locally sourced seafood, a raw bar, Tuscan Brand’s famous scratch made pasta