News: Retail

Galaxy Development completes shopping center in Southington

Galaxy Development of Auburn has recently completed another new shopping center on Queen St. The project is located at one of the busiest signalized intersections in the Queen St. trade area immediately adjacent to Exit 32 off I-84. The property consists of over 3 acres on the corner of Loper St. and Queen St. Panera Bread opened a new 4,200 s/f end cap store with drive thru in February and other tenants, Webster Bank, Sprint and Urgent Care are also now open and off to terrific starts. The project was engineered and designed by Patrick Doherty of MidPoint Engineering in Auburn, Mass. and constructed by Orlando Annulli & Sons, Inc. of Manchester, Conn. Architectural services were provided by Russell and Dawson, LLC of East Hartford, Conn. Attorney Susan Hays of Updike, Kelly & Spellacy, P.C. of Hartford, Conn. represented Galaxy Development. The new Panera store is operated by Howley Bread and it represents the third store Galaxy has completed for Panera. Harmon Lewis of National Commercial Brokers represented the tenant. There is one small unit of 1,685 s/f left to lease. This new center was the third plaza completed by Galaxy over the last 12 months which together totaled over 130,000 s/f of retail space for tenants such as Verizon, Price Chopper, Family Dollar, Advance Auto, Planet Fitness, Sweet Kiwi Frozen Yogurt, Sprint, Urgent Care and Panera Bread. Other new projects fully permitted and preparing to start construction this year are located in Sutton, Webster and Framingham, Mass. consisting of another 270,000 s/f.
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