News:
Brokerage
Posted: April 30, 2021
Summer Street Grocers leases 3,200 s/f at The Shops at Summer Street Crossing
Chelmsford, MA Summer Street Grocers has committed to occupy 3,200 s/f for the next 10 years at The Shops at Summer Street Crossing located at 7 Summer St. The retail storefront was leased by Eric Szczepkowski, partner and executive vice president of Tri Town Retail Advisors, who represented the owners of the retail property and procured the tenant. The Shops at Summer Street Crossing offer services, clothing, fitness, and restaurant options catering to a vast number of customers throughout the area
“A grocery store in this part of town is a home run for the area. Summer Street Crossing has been home to a grocer for nearly three decades most recently M&H Oriental Grocers who had been there for 20+ years. This new operator has a really exciting plan for the space and we’re all looking forward to shopping there,” said Szczepkowski.
Tri Town Retail Advisors is a retail and hospitality-focused commercial real estate brokerage firm, offering landlord and tenant representation services, development strategy, and investment sales in New England and Florida.
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Quick Hits
Columns and Thought Leadership
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.
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.