News: Brokerage

Southwick Crossing Shopping Center reaches 85% occupancy

Southwick Crossing Shopping Center (formerly known as Gillette Corners) located on the Conn./ Mass. border was acquired in 2009 and subsequently underwent renovations by its new owner, Southwick Crossing LLC, a joint venture between partners Mark Draymore and David Flynn of Flynn Properties in Conn. Since the repositioning they have attracted 10 new tenants to the property, bringing it from 50% occupancy to 85% in less than one year. The shopping center is located on 4.5 acres at the 4 way lighted intersection of Rtes. 202 and 168. The property is comprised of a 25,000 s/f strip retail center, a McDonald's and a 2,000 s/f drive-thru building. The corner is also home to Big-Y Supermarket, Ocean State Job Lot, Pride Gas Station and a newly built CVS.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

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.