News: Brokerage

Summit Realty Partners leases 7,700 s/f to Pet Supplies Plus

Fairhaven, MA Summit Realty Partners, Inc. completed a 7,700 s/f lease transaction with Pet Supplies Plus at Fairhaven Commons. The store is expected to open by mid-year. Chris McMahon and Travis Ginsberg represented the landlord, TKG Fairhaven Commons, LLC, in the transaction while Bialow Real Estate represented the tenant.

Fairhaven Commons is a 212,393 s/f shopping center and features anchor tenants such as Walmart, Marshalls, and Ocean State Job Lot. This shopping center also benefits from popular establishments such as Planet Fitness, Verizon, GameStop, and GNC.

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Horvath & Tremblay sells three retail properties in New Hampshire for $6.285 million

Franklin, NH Horvath & Tremblay has completed the sale of three retail properties in New Hampshire for a total of $6.285 million. Jake Mabardy, Aaron Huntley and Brad Canova of Horvath & Tremblay have completed the sale of Franklin Shopping Center. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $3.595 million.
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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

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

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.