Shair of M&J Associates brokers 3,200 s/f lease to Enterprise Bank at Acton Woods Plaza
According to Mark Shair, president of M&J Associates, Enterprise Bank has opened at Acton Woods Plaza.
Enterprise has leased 3,200 s/f at the left side end-cap with a drive-up. The space was formerly occupied by a children's clothing chain.
The shopping center is located at the corner of Rte. 27 and Rte. 2A. Acton Woods Plaza totals 43,000 s/f and is anchored by CVS.
According to Shair, "The Enterprise Bank commitment demonstrates the strength of the Acton market despite the general economic decline."
Enterprise operates 10 branches in a market area of northern Mass. and southern N.H.
The bank was represented by Robert Gilman, senior vice president, and the landlord by Shair of M&J Associates of Newton.
Shelton, CT Bob Horvath, Todd Tremblay, Matt Nadler and Jack Laurendeau of Horvath & Tremblay have completed the sale of Trader Joe’s. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $7,882,639 which represents a 4.95% Cap Rate.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.