News: Retail
Posted: February 21, 2013
Giokas of Paramount Partners sells 24,520 s/f for $2.28 million
Matt Giokas of Paramount Partners, LLC negotiated the sale and subsequent lease of 1400 Bald Hill Rd./Rte. 2. Paramount arranged the sale between Log Cabin Realty Co., of Coventry, (seller) and The Grossman Companies, Inc of Quincy, Mass. (buyer). The vacant retail building consisted of 24,520 s/f and sold for a purchase price of $2.28 million.
The building is located on Rte. 2, Rhode Island's primary retail corridor, just north of the intersection of Bald Hill Rd. and Centerville Rd. Situated between Warwick Center and Marketplace Center, the property affords easy access to Rte. 95 and Rte. 295.
After completing the sale of the property, Paramount Partners secured a tenant for the buyers of the vacant property. The site will be the new home of The Tile Shop of Plymouth, MN. The tenant signed a 10-year lease for 20,388 s/f. Other tenants in the area include: The Home Depot, Dick's Sporting Goods, Barnes & Noble and Best Buy.
Tags:
Retail
MORE FROM Retail
Retail
McEvoy of Conrad Group facilitates $9.5m sale of Sterling Plaza
Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.
Columns and Thought Leadership
Village centers and local retail: What the market wants - by Carol Todreas
Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
Keeping the “there” there - by Carol Todreas
New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.
Reimagining retail for the downtown - by Carol Todreas
Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.