JLL Capital Markets handles sale of a 7,200 s/f retail building

Cambridge, MA JLL Capital Markets has completed the sale of a 7,200 s/f retail building at 1120 Massachusetts Ave. in the Harvard Sq. area of the city. The sale price was not disclosed. JLL marketed the property on behalf of the seller, a private entity advised by Ella Properties, LLC. An affiliate of The Bulfinch Companies, Inc. purchased the asset with plans to reposition the building as a first-class office, medical or biotech property. The acquisition of 1120 Massachusetts Ave. further strengthens Bulfinch’s growing portfolio in the market.

Bruk Realty Advisors broker a 31,795 s/f lease

Methuen, MA Steve Miller and Jeff Bruk of Bruk Realty Advisors brokered a 31,795 s/f lease at The Loop. Bruk Realty Advisors completed the lease transaction representing One Stop Liquors at The Loop. Bruk Realty Advisors is a leading commercial real estate brokerage firm providing a broad range of real estate services to its clients throughout New England.

Smith named head of capital markets at Atlantic Retail

Boston, MA Atlantic Retail has named Justin Smith as the firm’s head of capital markets. Smith has been one of the industry’s top retail sales brokers, specializing in the disposition, advisory, and recapitalization of retail assets. In addition to enhancing Atlantic’s Capital Markets team, Smith will augment their existing leasing platform. Smith joins Atlantic from Newmark where he was a senior managing director in the firm’s Boston office, responsible for coordinating retail investment sales throughout the country.

Project of the Month: Parkville Market is the first food hall in Connecticut - created by Mouta

Hartford, CT Parkville Market is the first food hall in Connecticut. Yes, that’s right! Between Quincy Market in Boston and Chelsea Market now lies Parkville Market, consisting of 20,000 s/f of food vendors, a beer bar, wine bar, gourmet shop, individual dining rooms and two large terrace areas.  The owner and operator of Parkville Market, Carlos Mouta,

WS Development acquires The Paper Store

Chestnut Hill, MA With a long history and growing footprint in physical retail, WS Development expands its commitment to the sector with a recent move to acquire The Paper Store, a 55-year-old family-run and operated quality gift retailer in the Northeast. With 86 locations and roughly 2,000 employees

RMR Group adds Pressed Cafe as first restaurant at 330 Billerica Rd.

Chelmsford, MA The RMR Group Inc. has welcomed Pressed Cafe as the first onsite restaurant amenity to 330 Billerica Rd. with the recent execution of a new 10-year lease for

Malden Center Fine Wines and Soul City Yoga open at J Malden Center

Malden, MA According to Jefferson Apartment Group (JAG), a leading multifamily developer and operator specializing in premier apartment communities throughout the East Coast, Malden Center Fine Wines has opened at J Malden Center. Soul City Yoga will be opening soon as well and the property has also

Gibbons of Associated Brokerage Group brokers $9.2 million sale to Crosspoint Associates

Framingham, MA Crosspoint Associates has acquired a 2.75 acre site adjacent to its Whole Foods Marketplace on Rte. 9, allowing the developer to proceed with plans to expand the grocery store. Formerly home to the Colonial Nissan auto dealership, the property includes a 19,500 s/f showroom/office/flex space.

KeyPoint Partners awarded property management and leasing contracts for 444,000 s/f Springfield Plaza

Springfield, MA KeyPoint Partners, LLC (KPP) has been awarded the property management and leasing contracts for Springfield Plaza, according to William Lawler, partner/director of property & asset management for the firm. The contracts

Arhaus leases 15,000 s/f at Tuscan Village - first in New Hampshire

Salem, NH As construction continues on its 170-acre, mixed-use megacenter located 30 miles north of Boston, Tuscan Village has added Arhaus, an industry-leading retailer specializing in high-quality, handcrafted home furnishings, to its growing list of partners. Arhaus