News: Retail

Fellah of HK Group completes $1.5 million in 3 leases totaling 5,136 s/f

According to HK Group commercial realtor, Franco Fellah, executive vice president, has completed three downtown retail leases totaling 5,136 s/f and an aggregate rental value in excess of $1.5 million. At 14 Post Rd. West, next to the Inn at National Hall, Morelock Antiques signed a 7-year lease for 1,250 s/f of first floor space in this free-standing building. Morelock Antiques moved its store from Old Lyme, Conn., where they have been in business for over 20 years. They also have a Manhattan location. Franco Fellah was the only broker involved in the transaction. The owner of the property is Antares, NH, LLC in Stamford. At 135 Post Rd. East DSenses, LLC assigned its 1,886 s/f lease to Victoria Farrell of the Perfect Piece, who moved her business to Westport from Newburyport, Mass. Perfect Piece sells lines of high-end furnishings and outdoor household items. Franco Fellah represented DSenses, LLC, the previous tenant, and Comu Westport, LLC, owner of the property, in this transaction. At 141 Post Road East, And Company, Inc. signed a 7-year lease for 2,000 square feet of retail space. And Company has two established stores on Washington Street in South Norwalk; one of which sells fine linens, table top items and home furniture, the other one sells clothing. Franco Fellah represented Comu Westport, LLC, owner of the property, in this transaction.
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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