WS Development leases 2,700 s/f to Sugar Heaven at Legacy Place
According to WS Development, Sugar Heaven has signed a lease to join Legacy Place.
At Legacy Place, Sugar Heaven will offer more than 5,000 different types of candy from all over the world. The uniquely designed interior will feature a chocolate waterfall and a cotton candy machine that makes fresh cotton candy daily. It will also include a substantial party room, which can be booked for any kind of event.
"Sugar Heaven's goal is to be the biggest and the most exciting candy store in the trade area, while providing the highest quality candy," said Whitney Gallivan, the leasing representative who completed the transaction.
While most candy stores are geared toward children, Sugar Heaven's primary customer is females aged 15-45. At 2,700 s/f, Sugar Heaven will be much larger than most stores of its kind.
H&M has also signed a lease to join Legacy Place. H&M is synonymous around the world with affordable as well as up-to-date and high quality fashion. The company's clothing collections are created by its own designers, pattern makers and buyers. H&M has more than 68,000 employees and 1,500 stores in 28 countries.
Brooks Brothers Country Club also signed a lease to join Legacy Place. Brooks Brothers is known for its fine menswear.
"Brooks Brothers brings exactly the kind of customer we want at Legacy Place," said Mark Roberts, senior vice president of leasing. "In turn, Brooks Brothers will benefit from being part of an incredible center in the heart of an exceptional demographic."
Legacy Place is a 675,000 s/f open-air project that is under construction and will open August 2009.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.