Retail

Cardillo family opens BoomX Cannabis

Shirley, MA BoomX Cannabis opened their recreational adult use retail dispensary at 114 Lancaster Rd. with a ribbon cutting ceremony. They were joined by town officials, members of the board of selectmen, marijuana subcommittee selection board and the Nashoba Valley Chamber of Commerce. 

Shelly’s Tea Room celebrates first anniversary in ‘America’s Hometown’

Plymouth, MA Sean and Michelle Sinclair celebrate their first anniversary in America by serving a proper British tea to fascinated Americans who seek out authentic experiences. It was not an easy journey bringing a taste of Britain to ‘America’s Hometown’.

O’Brien of Greater Boston Commercial Properties, Inc. represents buyer of 141,000 s/f building

Chelmsford, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the buyer of 63 Middlesex St. O’Brien acted on behalf of the buyer in the purchase of the 141,000 s/f industrial building to negotiate exceptional value at $3.153 million or $22 per s/f.

Atlantic Capital Partners sells four Stop & Shop-anchored assets for $70 million

Swampscott, MA Atlantic Capital Partners has sold four Stop & Shop assets for $70 million totaling 272,542 s/f. The portfolio consisted of assets in the communities of Malden, Swampscott, Framingham, and Bristol, RI. Justin Smith, head of Capital Markets; Chris Peterson, vice president of Capital Markets;  and Sam Koonce, associate, oversaw the transaction which had Atlantic Capital Partners exclusively representing both buyer and seller.

Grossman Development Group acquires 261,672 s/f mixed-use development - Bay State Commons

Westborough, MA Grossman Development Group (GDG) has acquired Bay State Commons, a mixed-use 261,672 s/f development. The Roche Bros.-anchored outdoor lifestyle center abuts a two-acre town park and features a variety of dining, shopping, health and wellness offerings

Horvath & Tremblay sells three properties in New England totaling $5.71 million

Ludlow, MA Horvath & Tremblay has completed the sale of three properties in New England for a total of $5.71 million. Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have completed the sale of a Walgreens Plaza in Ludlow. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $3.5 million.

The Griffith Pepdjonovic Group of Marcus & Millichap arranges $9.95 million sale of 38,247 s/f The Shops at Ocean’s Gate

Marshfield, MA Marcus & Millichap arranged the $9.95 million sale of The Shops at Ocean’s Gate, a 38,247 s/f retail property. “Multi-tenant retail centers in high traffic locations have recovered quite dramatically since the pandemic with vacancy at record lows and increased investor demand,” said Evan Griffith, senior vice president investments.

WS Development collaborates with Direct Energy to power multiple properties with renewable energy

Boston, MA WS Development has made a deal to purchase energy from NRG Energy, Inc. brand Direct Energy Business. The collaboration includes eight buildings in Boston’s Seaport District and 35 of WS Development’s New England properties, including Legacy Place in Dedham and The Street in Chestnut Hill where WS is headquartered.

Atlantic Capital Partners sells Ann & Hope Plaza in Seekonk, MA - totaling 107,597 s/f

Seekonk, MA Atlantic Capital Partners has sold Ann & Hope Plaza, a regional shopping center. The asset, anchored by Harbor Freight Tools, Petco, and Bed Bath & Beyond, is located in the town’s  dominant retail node. Justin Smith, head of capital markets; chris peterson, VP of capital markets; sam koonce, VP of capital markets; Cole Van Gelder

SCRE represents LMC in two anchor leases totaling 13,167 s/f

Stamford, CT Saugatuck Commercial Real Estate (SCRE) represented the developer, Quarterra/Lennar MultiFamily Companies (LMC), in leasing two anchor retail spaces in “sister” luxury mixed-use developments in Stamford and White Plains, NY. Fidelity Brokerage Services leased 7,490 s/f at The Smyth, 885 Washington Blvd. in Stamford