The Kane Co. arranges 2,100 s/f lease to Wicked Fun Art studio
Wicked Fun Art has leased 2,100 s/f of retail space from Ave. Mall Trust at 48 Portsmouth Ave. Wicked Fun Art is a walk-in arts & craft studio offering classes and birthday parties designed bring out a child's creativity and self-expression in a fun social learning environment. The tenant, formerly based in North Hampton, desired a larger party room and ground floor space with easier access for their clients. Lisa Kane of The Kane Co. listed the space and procured the tenant.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.
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.