News: Retail

Finegan of The Boulos Co. leases 12,150 s/f to Impact Fitness Center

Biddeford, ME Impact Fitness Center has leased 12,150 s/f at the Lincoln Mill in a deal arranged by The Boulos Company’s John Finegan. The new space is nearly double the size of IFC’s current location and will feature a state-of-the-art gym, spin and yoga studios, a group exercise room, and artificial turf for weightlifting—an IFC hallmark.

The Lincoln is Chinburg Properties’ latest mill restoration project and will also include a luxury hotel, apartments, a rooftop swimming pool and bar, and be the new home of Batson River Brewing & Distilling.

Impact Fitness has been part of Biddeford’s revitalization since 2011, growing as downtown has grown, and offering personal training, in-house nutrition advisory services, physical therapy, and massage.

“This move is the result of a chance meeting with John Finegan, who became my broker,” said Impact Fitness owner, Scott Fleurant. “He was timely, detail-oriented, and advocated for me, but in a way that made things work for both myself and the Chinburg group. Negotiations can be adversarial, but everyone in this deal was open and honest, timely in their responses, and willing to find ways to make this work for both parties. This is the perfect move in our evolution.”

“We are glad to support local, growing businesses at The Lincoln, and Impact Fitness is a great addition,” said Chinburg’s Matt Assia. “We appreciated the ease of open, candid communication throughout the negotiations. It was great to pick up the phone and know we had a creative partner on the other end—Boulos—who wanted to find a way to help their client, help the landlord, and treat both parties fairly. John Finegan did an excellent job of advising IFC on how to make this deal work.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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