Summit Realty and Katz Properties signs 20,413 s/f lease to Planet Fitness
According to Summit Realty Partners and Katz Properties, a Planet Fitness franchisee has signed a lease at Monadnock Marketplace located at 30 Ash Brook Rd. Planet Fitness plans to open a 20,413 s/f, full-service, fitness facility which will fill a void at both the shopping center and in the community for a health club with top of the line equipment and services. Monadnock Marketplace is a 505,000 s/f power center anchored by Target, Home Depot, and Price Chopper.
Planet Fitness plans to start construction in Keene this June with an anticipated opening date this fall.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.