News: Brokerage

The Grossman Cos. renews 29,615 s/f lease for T.J. Maxx

T.J. Maxx, the anchor store at Quincy Granite Place, a destination retail plaza near Quincy Center, has renewed its lease for 29,615 s/f. The clothing store was an original tenant when the plaza opened in 2000. Lease negotiations were handled by Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., who represented the landlord, 126 Granite Street Trust. The plaza, which continues to be 100% leased, is managed by Grossman. Anchored by T.J. Maxx, the 61,400 s/f retail center is also home to Party City, Dress Barn, Olympia Sports, Papa Gino's, Boston Market and Dunkin Donuts. Located at the intersection of Granite St. and Burgin Parkway, the plaza accommodates a high-density residential population and a daytime office population as it is just minutes from Crown Colony Office Park and several other office complexes. It is a block from downtown Quincy.
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Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million

Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million.  827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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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.