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.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.
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.