GVA Williams leases 9,000 s/f to Jembro Variety at Columbus Plaza
GVA Williams of Connecticut has signed a 9,000 s/f ten-year lease for Jembro Variety Stores at Columbus Plaza. The center is located at 160 Columbus Blvd. The store opened in August.
GVA Williams represented the landlord, Stop and Shop Supermarket Company, in the transaction.
The 60,000 s/f Columbus Plaza includes such tenants as Price Rite, Blockbuster and Cost Cutters.
According to Stacy Libby, vice president of GVA, and one of the brokers that represented the landlord, "When Price Rite opened in 2004, it brought vibrancy back to the center. Jembro will only add to that momentum." Jembro, a family owned and operated variety store, was founded in 1982. They bring quality merchandise that is cost effective and affordable to New York and other urban communities in the northeast. The Columbus Plaza location will mark its 13th store.
Dominick Musilli, GAV's senior vice president, also represented the landlord in this transaction. Scott Lifschultz, GVA's executive vice president, represented the tenant.
"Jembro is a strong regional retailer that will add to the success of this shopping center," said Lifschultz.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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