News: Brokerage

Summit leases 6,635 s/f restaurant at Village Mall Shopping Center

Methuen, MA Summit Realty Partners, Inc. has completed a new lease transaction with a restaurant at Village Mall Shopping Center. Summit Realty Partners leased a 6,635 s/f former Fuddruckers Restaurant to Ellie’s Farmhouse Restaurant, which was scheduled to open this month. 

Ellie’s Farmhouse Restaurant is a breakfast and lunch restaurant concept dedicated to providing full service and takeout options. 

Chris McMahon and Travis Ginsberg represented the landlord, Village Mall Inc., in this transaction. 

The Village Mall Shopping Center is a premier 92,646 s/f shopping center located within a heavily traveled retail corridor in the community. The center is anchored by a diverse tenant mix including Jo-Ann Fabrics, Workout World, Dollar Tree and more. Located at a fully lighted intersection, the Village Mall sees over 50,000 vehicles per day making it a highly desirable area for national and local retailers. There are two remaining spaces available for lease at the shopping center.

With over 25 years of experience, Summit Realty Partners is a full service commercial real estate firm headquartered in Lexington, Mass.

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.