The Grossman Companies completes two lease renewals totaling 2,697 s/f
Coffee aficionados and fans of fancy cheeses and other gastronomical goodies will be pleased to learn that two landmark family-owned businesses in Hingham Sq. have no plans to move.
Brewed Awakenings has renewed and signed a long-term lease for 1,625 s/f, and Bloomy Rind renewed its lease for 1,072 s/f in the Pride Building at the corner of South and Main Sts.
The announcement was made by Richard McKinnon, director of brokerage Services for The Grossman Companies, Inc. of Quincy, who represented both the landlord, Hingham Square LLC, and the tenants in lease negotiations.
The 15,000 s/f Pride Building is also home to Nona's Ice Cream, Worldwide Travel, and Coldwell Banker Realtors. McKinnon says two second floor commercial suites are available for lease, 1,751 s/f and 1,519 s/f.
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.
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.
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.