Retail

Saxon Partners sells 418,970 s/f of Colony Place to Rainier Companies - includes The Plaza, 230,497 s/f center; and The Village, 188,473 s/f center

Plymouth, MA Newmark Knight Frank (NKF) completed the sale of the two major retail components of Colony Place, on behalf of Saxon Partners to Dallas-based Rainier Companies. Co-head of U.S. capital markets Robert Griffin,

Jewett Construction to build one of the largest furnitures store in Maine for Jordan’s Furniture

Portland, ME Jordan’s Furniture has selected Jewett Construction to manage the construction of their new location at the Maine Mall. This is the first Jordan’s Furniture location in the state. Once open, the store will be one of the largest furniture stores

Project of the Month: Flagstone Crossing - The Lannan Company’s new 17,900 s/f retail plaza to be built in Hudson, NH

Rich Lannan and Harry Dumont of The Lannan Company and I explored for many years the possibility of redeveloping the coveted signalized three-acre site at Flagstone Dr., Lowell Rd. (Rte. 3A) and the Circumferential Highway into a retail/professional plaza. On February 4th, with all permits in hand, The Lannan Company purchased 2 Flagstone Dr.

Poyant names Abrantes as associate graphic designer

New Bedford, MA Poyant has named Rachael Abrantes, associate graphic designer. In this position, Abrantes supports the Dunkin’ team, designing branding packages for franchise locations throughout the Northeast and implementing their new brand

JLL Income Property Trust acquires Milford Crossing for $42m

Milford, MA JLL Income Property Trust has acquired Milford Crossing, a newly-constructed 160,000 s/f grocery-anchored neighborhood shopping center. The purchase price was $42 million. The property is anchored by a Stop & Shop grocery store

Miltons to open at the Burlington Mall

Burlington, MA According to Simon, a global leader in premier shopping, dining, entertainment and mixed-used destinations, Miltons The Store for Men will open their third Massachusetts store at Burlington Mall this fall.

Herrick Lutts Realty Partners brokers sale of 2,654 s/f retail building

Beverly, MA Situated at the base of the off ramp of Rtes. 128 North and South, 16 Dodge St. has sold. The sale price was not disclosed. Herrick Lutts Realty Partners at Keller Williams Realty represented the seller,

Amodio & Co Real Estate handles 6,224 s/f lease to The Gift Group

Bristol, CT Amodio & Co Real Estate has completed the long-term lease of 6,224 s/f of restaurant space at 224 North Main St., to Canadian headquartered, The Gift Group.  With facilities in Canada, New York & India,

Crosspoint Associates purchases 81,702 s/f Amherst Shopping Center

Amherst, MA JLL Capital Markets has closed the sale of Amherst Shopping Center, an 81,702 s/f shopping center anchored by Big Y Supermarket and CVS. JLL marketed the property on behalf of the seller. Crosspoint Associates, Inc.

Calabrese of R. Calabrese Agency sells one acre retail site for $700,000

Waterbury, CT Ralph Calabrese of R. Calabrese Agency, LLC was the sole broker in the sale of 213 Chase Ave.  The one acre parcel was occupied by a 2,700 s/f vacant former fast food restaurant which has been closed  for years.