Twombly of Sovereign Realty leases 7,400 s/f to Manchester Athletic Club
Todd Twombly of Sovereign Realty Advisors leased a 7,400 s/f building to The Manchester Athletic Club. Built this year the building is located in The Whistle Stop Plaza in a prime retail area adjacent to Station Place, another project the company built and leased.
Sovereign Construction handled the build-out for the tenant and also constructed the building for the owner, Braga Management. Sovereign Realty Advisors, formed in 2006, is a wholly owned subsidiary of The Sovereign Group, a real estate, brokerage, development, private equity and construction company.
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.
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.