News: Owners Developers & Managers

Summit Realty brings Wayside Crossing to 100% occupancy

Marlborough, MA Summit Realty Partners, Inc. has completed a lease transaction at Wayside Crossing Shopping Center, located at 661 Boston Post Rd., securing Dave’s Hot Chicken as the newest tenant and bringing the retail center to 100% occupancy.

Summit Realty Partners Chris McMahon, Travis Ginsberg, and Chris Piché represented ownership, Aubuchon Realty Company, Inc., in the transaction, while Pat Gallagher of Atlantic Retail represented the tenant. Dave’s Hot Chicken will occupy the 2,250 s/f freestanding building formerly occupied by Starbucks.

According to Sean Naughton, senior leasing manager at Aubuchon Realty Company, Inc., “When Starbucks exercised its early termination option, we faced the challenge of replacing a national tenant while meeting strict lender requirements. 

Summit Realty Partners moved quickly, identifying several qualified prospects and ultimately securing Dave’s Hot Chicken on terms that met and exceeded our lender’s expectations. Chris McMahon and the Summit team delivered an outstanding outcome, and we’re thrilled with the result.”

The fast-growing restaurant concept joins a strong tenant roster that includes Chipotle, New England Dental Group, H&R Block, and Champion Cleaners. Situated along Rte. 20, Wayside Crossing benefits from excellent visibility and access within one of MetroWest Boston’s strongest retail corridors. The property is shadow anchored by Target and Home Depot and surrounded by a diverse mix of national retailers and service providers.

“Dave’s Hot Chicken is an outstanding addition to Wayside Crossing,” said McMahon. “The brand’s continued growth, combined with this property’s high visibility, strong traffic counts, and established retail synergy, make it an ideal fit. Reaching full occupancy reflects both the quality of the asset and the strength of the Marlborough market.”

With this lease, Wayside Crossing is now fully leased, highlighting the continued demand for well-located retail space in MetroWest Boston.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated