The holidays are in full swing, and what does that mean for marketers? Pull out all the stops, and de-mallify the mall. Although malls were once the center of shopping and gathering, the word now often conjures up the recent narrative of the retail apocalypse. Business at the country’s 1,100 shopping
If there’s one thing we all learned this year in retail real estate, it’s to incorporate more experiential retail into our centers. But when envisioning the holidays, think about experiential beyond the immediate bricks and mortar store, think shopping center-wide. Tom McGee, president and CEO of ICSC told Connect CRE publication their survey forecasts 90% of Americans to shop in-store for holiday gifts.
Falmouth, MA KeyPoint Partners, LLC (KPP) has negotiated the sale of 10 Village Common Dr., a retail property, for an undisclosed amount. KPP vice president of investment sales, Jonathan Aron, represented the seller and procured the buyer.
Cambridge, MA Roche Bros. opened its fifth Brothers Marketplace store. The neighborhood market offers customers a one-stop grocery shopping and dining experience with selection of fresh foods, local and specialty products, delicious prepared meals, grocery essentials, and catering. The new store is located at One Broadway in Kendall Sq.
Boston, MA Arsenal Yards has named Jessica Reed as the marketing director for the new mixed-used development in Watertown from Boylston Properties and Wilder.
Boston, MA Joined by Boston elected officials, the Architectural Heritage Foundation (AHF), the Department of Conservation and Recreation (DCR), and the Division of Capital Asset Management and Maintenance (DCAMM) officially broke ground on the redevelopment of the historic Charles River Speedway at Western Ave. and Soldiers Field Rd. on October 24
th. The ceremony celebrated the construction of a reimagined Speedway
Bloomfield, CT The building originally built for Party City at 854 West Main St., Rte. 1, Branford, has been sold, according to Ron Lyman, CCIM, CEO of Lyman Real Estate. Lyman was the agent for the buyer, Nikita Wang of LA-IN-USA, LLC, of Guilford. The seller, Sangita Gopani of Branford Realty Trust, LLC, was represented by Jeffrey Kravet of Kravet Realty. The sale price for the 9,331 s/f building on 1.29 acres
Hudson, NH The Lannan Company, Inc. received full planning board approval on November 6
th for the development of Flagstone Crossing, a new 17,900 s/f single-story retail shopping center located at 2 Flagstone Dr. Starbucks (2,200 s/f) and DCU (5,000 s/f) have already signed leases, with several other tenants in negotiation.
Cambridge, MA According to Cambridge Savings Bank (CSB), one of the oldest and largest community banks in Mass., John Bobbin, first vice president, senior asset-based lending officer, has joined its asset-based lending team, which sits under CSB’s well-established corporate banking division.
This year’s holiday season is looking favorable for retailers. With the economy, household incomes and employment levels holding steady, ICSC is anticipating a 4.9% increase over last year’s $832.3 billion holiday sales. The average American adult is expected to spend nearly $700 on holiday
