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Brokerage
Posted: November 28, 2014
Summit Realty Partners leases 2,000 s/f to Zoup!
According to Summit Realty Partners, Zoup! has signed a lease at Sherwood Plaza. A franchisee of Zoup! has leased a 2,000 s/f storefront and is scheduled to open in January 2015. Sherwood Plaza is a 300,000 s/f retail shopping center located on Rte. 9 that is occupied with high quality retailers and restaurants, including Dick's Sporting Goods, Christmas Tree Shoppes, LA Fitness, Petco, Ulta Beauty, David's Bridal, Starbucks and Smashburger. Chris McMahon of Summit Realty Partners represented the tenant and Ria McNamara of Retail Real Estate Services represented the landlord in this transaction.
Zoup! is the leading fast-casual soup restaurant concept that is defining the category with its award-winning soups, salads and sandwiches, served in a casual, comfortable setting. Each location offers 12 always-rotating soups per day, from its collection of hundreds of award-winning recipes. Zoup! has approximately 70 restaurants throughout the U.S. and Canada.
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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.