News: Retail

CB Richard Ellis/The Boulos Co. arranges 4 leases totaling 18,239 s/f

CB Richard Ellis is pleased to announce the following transactions: JACC Inc has leased 1,500 s/f of retail space at 45 Wharf St. in Portland from Old Port Retail Holdings LLC. The tenant is expanding from 51 Wharf St. where 51 Wharf Ultra Lounge has been operating for two years. The expansion space will include more tables for their dining area. This transaction was brokered on behalf of the landlord and the tenant by Dan Greenstein of CBRE/The Boulos Co. John Armand Salon has leased 828 s/f of retail space at King's Court Shopping Center located at 190-198 Western Ave. in Augusta, Me. from Dorothy Lough. This transaction was brokered on behalf of both the tenant and landlord by Chris Paszyc of CBRE/The Boulos Co. Goodwill Industries of northern N.E. has leased 13,411 s/f of retail space at 10 Concourse West in Waterville, Me., from 10 Concourse West, LLC. Goodwill industries of northern N.E. was represented by Craig Young, CCIM, partner, CBRE/The Boulos Co. Relax ME dba Massage Envy has leased 2,500 s/f of high end retail space in Cornerbrook Plaza at 343 Gorham Rd. in South Portland. This lease transaction was brokered on behalf of the landlord, Cornerbrook, LLC, by Steven Baumann of Paragon and on behalf of the tenant by Tracy Sullivan of CBRE/The Boulos Co.
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McEvoy of Conrad Group facilitates $9.5m sale of Sterling Plaza

Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.

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Columns and Thought Leadership
Placemaking and retail in 2024 - by Carol Todreas

Placemaking and retail in 2024 - by Carol Todreas

Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.

Reimagining retail for the downtown - by Carol Todreas

Reimagining retail for the downtown - by Carol Todreas

Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.
Keeping the “there” there - by Carol Todreas

Keeping the “there” there - by Carol Todreas

New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.
Village centers and local retail: What the market wants - by Carol Todreas

Village centers and local retail: What the market wants - by Carol Todreas

Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.