WS Development opens three stores at MarketStreet Lynnfield
According to WS Development, MarketStreet Lynnfield named three new store openings, the first of many this year, all of which are a part of the outdoor shopping center's second phase of development. New openings include Tuck's Candy Factory, Hanna Anderssonand Gap. MarketStreet Lynnfield is one of the leading North Shore shopping and entertainment destinations, and currently has a total of 60 shops and restaurants.
"We have had an incredible response from the community since we opened nearly 20 months ago," said Nanci Horn, general manager of MarketStreet Lynnfield. "2015 promises to bring even more unique boutiques, national brands and restaurants to MarketStreet Lynnfield."
The 2015 shopping experience at MarketStreet Lynnfield will be enhanced with the upcoming additions of such locally and nationally loved brands as Gaslight, Wahlburgers, Sweetgreen, Charming Charlie, Tobey Grey, Pia, Muse Paint Bar, Lucky Brand, Pottery Barn Kids, Banana Republic, NIKE, Eddie Bauer and Claire's.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.