News: Brokerage

The Boulos Company facilitates 10,768 s/f lease for Five Below

Topsham, ME Five Below leased 10,768 s/f of retail space at the Topsham Crossing Center, bringing the complex to 100% occupancy for the first time since Bed Bath & Beyond relocated to Brunswick in 2016. 

Derek Miller, Brice O’Connor, and Sasha Phillips of The Boulos Company represented the landlord, Bridge33 Capital, in the transaction and Jim Bagley with Atlantic Retail represented the tenant. 

Five Below is a discount retailer that targets tweens and teens. This will be their third Maine location, joining stores in South Portland and Augusta. 

Bridge33 Capital is a privately held, vertically integrated real estate investment firm with a focus on acquiring value-add commercial properties across the United States. In addition to the Topsham Crossing Center, Bridge33 Capital owns four other grocery-anchored assets across Maine consisting of over 562,975 s/f.

MORE FROM Brokerage

Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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.