News: Brokerage

The Grossman Companies, Inc. leases 1,247 s/f to Lapels Dry Cleaning in Quincy

Lapels, a franchise dry cleaning chain, has leased space at the The Residences at Munroe Place at 1205 Hancock St. With the Lapels lease of 1,247 s/f, one retail unit of 1,428 s/f remains available for lease in the building. Representing the landlord was Richard McKinnon, director brokerage services for The Grossman Companies, Inc., Quincy-based commercial real estate firm, who brought the tenant to the deal. He is exclusive broker for The Residences at Munroe Place. Locally-based Lapels is a leading environmentally friendly neighborhood dry cleaning franchise system. The company was recognized as one of Entrepreneur Magazine's Top 50 New Franchises, and has been listed among the New England Franchise Association's "Top 10 Fastest Growing Organizations." The Lapels store joins several other retail tenants at Munroe Place including Scottrade, Starbucks and T Mobile.
MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.