Dickinson leases 22,432 s/f to Golf Town at Crossing at Walkers Brook
One of the first Golf Town stores in the U.S. opened recently at The Crossing at Walkers Brook, maintaining the 475,000 s/f destination retail center's record of 100% occupancy.
According to Mark Dickinson, president of Dickinson Development of Quincy, developer of the center on Rte. 128/95, the 22,432 s/f long term lease is in the former Linen 'N Things location. The center was completed in two phases between 2004 and 2007.
Golf Town, also opening five other stores in Mass., was represented in lease negotiations by Peter Belsito of SRA Retail, while Dickinson was represented by Andy LaGrega, principal of The Wilder Companies, Boston.
"This long-term lease, consummated in a challenging economy, is noteworthy as it maintains Walkers Brook's full occupancy," said Dickinson. "Golf Town is a great addition to the center's exciting mix of retailers that attracts both local and regional shoppers. We are especially pleased that a highly successful retailer, new to the U.S., selected our center as one of their first locations."
Dickinson completed Phase I of the $90 million plaza on a former landfill during 2004-05. The award-winning development is anchored by Home Depot and Jordan's Furniture. Across the road, Dickinson completed a 69,000 s/f Stop & Shop supermarket in 2007 as part of the Walkers Brook development. The former landfill now brings millions of dollars in new tax revenue and hundreds of construction and permanent jobs to the area.
Dickinson recently completed a 97,000 s/f Market Basket supermarket at Riverside Landing in New Bedford and is starting Phase II, a restaurant, bank and retail building on 3.25 acres just off Rte. 195. He is also spearheading a $65 million residential/commercial development project on the Cochecho River in downtown Dover, N.H.
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 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!
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 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