Retail

Bottleneck Management to open City Works Eatery & Pour House

Watertown, MA Chicago-based Bottleneck Management plans the forthcoming opening of City Works Eatery & Pour House at 91 Arsenal Yards Blvd. in the Arsenal Yards development. Slated to open to the public on March 13,

Laronga Realty Partnership sells 599 Somerville Ave.

Somerville, MA Laronga Realty Partnership completed the sale of 599 Somerville Ave., to 599 Somerville Ventures, LLC, managed by Rafi Properties, LLC. The 21,908 s/f mixed-use site was home to La Ronga Bakery & Delicatessen, a family-owned

McMahon and Ginsberg of Summit Realty handle 8,125 s/f new lease

Nashua, NH Summit Realty Partners, Inc. has completed a new lease transaction at 443 Amherst St. Dollar Tree Stores, Inc. has signed a lease for a 8,125 s/f free standing retail store scheduled to open in spring/summer of this year.

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