News:
Brokerage
Posted: February 22, 2019
Summit Realty Partners finalizes four retail leases totaling 9,507 s/f
Exeter, NH Summit Realty Partners, Inc. is experiencing a favorable retail leasing environment with several new shopping center lease transactions with service, financial and fitness tenants at the start of the new year.
Newburyport Five Cents Savings Bank signed a lease for a new branch at Hannaford Supermarket Plaza in Exeter, N.H. Their newest location will open early spring 2019 and will feature 2,486 s/f. This bank was founded in 1854 and currently has nine locations in both Massachusetts and New Hampshire, and over $860 million in assets.
SPENGA, a popular fitness concept that combines spin, strength training and yoga signed a lease for 3,672 s/f at 493-495 Amherst St. in Nashua, N.H. Todd Alexander of Newmark Knight Frank represented the tenant.
SportClips, a national haircut franchise that primarily caters to men and boys signed a lease for 1,700 s/f at Northgate Plaza in Portland, ME. Seth Lerner of Lerner Real Estate represented the tenant.
Excel Dental, a multi-unit general dentist practice has signed a lease at 49 Jackson St. in Methuen, Mass. Their newest location will be 1,649 s/f and is set to open in fourth quarter of 2019. This will be the 3rd location for Excel Dental, with existing practices in Lowell and Billerica, Mass.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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
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
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.
