Category: Retail

Plymouth, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of IHOP. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2.1 million.  The IHOP is located at 10 Shops at 5 Way. IHOP has been at this location since 2011 and has 2+ years remaining on their triple net lease.

Gardner, MA NAI Glickman Kovago & Jacobs, representing Timpany Crossroads, LLC, facilitated multiple leases within the newly developed Timpany Crossroads Plaza at 308-320 West Bdwy. The plaza, which commenced construction in 2020 and concluded in 2023, features two multi-tenant retail buildings and a 7,000 s/f restaurant pad site.

South Burlington, VT University Mall (UMall) has followed through with the addition of two fast casual options. Dave's Hot Chicken will open its first location in Vermont, while Jersey Mike's Subs will open their second location. Dave's Hot Chicken is known for their hot chicken, which started as a late-night pop up by three friends in a West Hollywood parking lot.

Salem, NH The Mall at Rockingham Park, operated by Simon Property Group, is welcoming two new brands in 2024. Further emphasizing Rockingham’s reputation for attracting first-to-market brands, Anthropologie and FP Movement will open their first stores in the Granite State, joining a line-up of market exclusive brands including Apple, lululemon, and Sephora among others.

Nashville, TN CBL Properties has partnered with Adeptmind, a leading technology company specializing in artificial intelligence and e-commerce, to launch “Inventory Insider” at two properties, CoolSprings Galleria (Nashville) and Hamilton Place (Chattanooga).

Boston, MA Mighty Squirrel Brewing Co., a locally owned and independent craft brewery, has opened its newest location on March 14, in the Fenway neighborhood. This venture promises to add value to the city’s brewing landscape with its offerings and ambiance.

It doesn’t get much better. Demand for retail space exceeds supply. Vacancy rates for retail are low in the Boston area. Boston along with Miami and Raleigh, North Carolina tied for the lowest vacancy rates at 2.9% this quarter and this has been a continuing trend, according to industry trackers. Retail tenants are searching for space, and malls that have reinvented themselves are back in favor.

Nantucket, MA The Siasconset Market, a staple of the village on Nantucket’s east end, was sold by owner Mark Donato to the ‘Sconset Trust for $5.2 million.  The ‘Sconset Trust will be a mission-driven landlord to ensure that the market remains a key resource for the village into the future.

Stratford, CT Atlantic Capital Partners has completed the sale of North Town Center, a grocery-anchored shopping center. The asset, which traded for $24.65 million, is anchored by a Big Y Supermarket, one of the most desirable shopping centers in the trade area given the property’s

Lexington, MA Summit Realty Partners, Inc. has completed four retail lease transactions with Tropical Smoothie Café. This brings the total number of leases that Summit Realty has completed with Tropical Smoothie Café to 20. Travis Ginsberg and Chris McMahon from Summit Realty Partners

Framingham, MA Freudenheim Partners negotiated the sale of 280 Worcester Rd. The 31,199 s/f single-story retail building was purchased for $7.35 million. Situated on Rte. 9, one of the city’s busiest shopping districts, 280 Worcester Rd. provides access from major highways, including the

Boston, MA High Street Place Food Hall, in collaboration with Alewives Taproom and Boulevard Brewing Co., is presenting a ‘Leap Day Beer Dinner: Beefsteak and Bow Ties’. This event is an invitation for guests to dress in their bow ties and evening gowns to partake in a night of