Waters of McLaughry Comm'l. leases 3,000 s/f to Birth of the Blues
Bruce Waters, CCIM, senior broker for McLaughry Commercial, recently signed a lease between Birth of the Blues and Glen Road Plaza. Birth of the Blues, which has been owned and operated by Dave Helmberg for over two decades in the Upper Valley and Barre, Vt., will relocate to a larger facility from the K-Mart Plaza to the GlenRoad Plaza in early 2010. The new store will have 3,000 s/f of apparel, jackets, accessories and related general merchandise.
Birth of the Blues joins other retailers including Illuminations, Country Cobbler, Hobbies and Things, Triple Play and others in the 40,000 s/f mixed-use Glen Road Plaza.
Rockland, MA DMG Brokerage completed thel sale of 55 Accord Park Dr. for $2.7 million. The 26,000 s/f commercial property presented a unique marketing challenge due to its 60% vacancy and site restrictions that limited potential redevelopment options.
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.