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Brokerage
Posted: June 28, 2019
Summit Realty Partners leases 2,019 s/f to HotWorx in Bedford
Bedford, NH Summit Realty Partners, Inc. signed a new 2,019 s/f lease with HotWorx, an infrared fitness studio at Hannaford Plaza. While HotWorx features various existing locations, this will be their first location in New England. This virtually instructed exercise program allows users to experience the benefits of infrared heat absorption while also completing a 30-minute isometric workout or a 15-minute high intensity interval training session.
Summit Realty Partners, Inc. represented the landlord in this transaction and Matthew Giokas of Paramount Partners represented the tenant.
Hannaford Plaza is a 102,824 s/f multi-tenant shopping center located at the intersection of Kilton Rd. and South River Rd. This property is anchored by Hannaford Supermarket and HomeGoods. Neighboring tenants include Kohl’s, Whole Foods, Marshalls, Trader Joe’s, Starbucks, Chipotle, CVS and more. This center is now 100% leased.
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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.
