News: Retail

Halprin of New England Retail Properties leases 28,000 s/f to PetsMart

New England Retail Properties, Inc. has leased 28,000 s/f to PetsMart, Inc. at Putnam Bridge Plaza. Matt Halprin, principal and partner of New England Retail Properties, Inc., acted as the exclusive broker for the landldord, LMA USA, Ltd. of Manchester, while John McDonald of SRA in Framingham, Mass. and Tom Londres of Metro Commercial in Philadelphia, Penn., represented the tenant in the transaction. PetsMart, Inc. is one of the largest pet retailers in the U.S. operating 1,107 stores in the U.S. and Canada as well as 132 in-store pet hotels and doggie day camps. The Glastonbury/East Hartford store will service all components of PetsMart's business including a full service retail store, veterinary services, grooming, training and pet hotel services.
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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.

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Columns and Thought Leadership
Reimagining retail for the downtown - by Carol Todreas

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.
Village centers and local retail: What the market wants - by Carol Todreas

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.
Keeping the “there” there - by Carol Todreas

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.
Placemaking and retail in 2024 - by Carol Todreas

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.