News: Retail

Charter Realty & Development leases 23,500 s/f to HomeGoods

Charter Realty & Development has leased 23,500 s/f to HomeGoods. HomeGoods will be opening in Simsbury Commons Shopping Center in the former Borders Books location. HomeGoods will be joining Stop & Shop, Bed Bath & Beyond, Hoyt Cinema and Bob's Store in the 256,497 s/f center. The center is located at 498 Bushy Hill Rd. and is owned by Edens. HomeGoods, a chain of off-price home fashion stores introduced in 1992, operates 336 stores. HomeGoods offers exclusively home fashions, with a broad array of giftware, home basics, accent furniture, lamps, rugs, decorative accessories, children's furniture, seasonal merchandise and other fashions for the home. This chain operates in a standalone and superstore format, which couples HomeGoods with a T.J. Maxx or Marshalls. Standalone HomeGoods stores average approximately 27,000 s/f in size. Charter Realty & Development represents TJX Companies including HomeGoods, T.J. Maxx and Marshalls, throughout the Eastern half of the U.S. The HomeGoods Simsbury location represents the 31st deal Charter has completed with TJX Company. Charter Realty & Development Corp. currently owns or leases over 14 million s/f of shopping centers throughout the Northeast.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary