News: Retail

Centro Properties leases 13,865 s/f at Freshwater-Stateline Plaza

According to Centro Properties Group, a 13,865 s/f lease has been executed with Jo-Ann Fabrics and Crafts at Freshwater-Stateline Plaza, located one block east of I-95, adjacent to Enfield Square, on the southeast corner of Elm St. (Rte. 220) and Freshwater Blvd. Tim McNamara of SullivanHayes Companies Northeast, LLC, Farmington, represented Jo-Ann Fabrics and Crafts. Centro Properties Group is the owner of Freshwater-Stateline Plaza and was represented by Charles Davis with Centro Properties Group. Centro Properties Group is the third largest owner of community and neighborhood shopping centers in the U.S. Its portfolio of 593 properties is strategically located across 39 states and aggregates approximately 96 million s/f of gross leasable area.
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Retail

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.

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.
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.