News: Retail

Halprin of New England Retail Props. brokers 3,000 s/f lease

According to New England Retail Properties, Inc., a Wethersfield-based full service shopping center leasing and marketing company, Matthew Halprin, principal and vice president, exclusively represented the landlord, Redmond Manchester Properties, in leasing 3,000 s/f at Gateway Plaza (Deming St. at Hale Rd.) in the Buckland Hills area. Cellular Connection, a division of Moorhead Communications, is part of the Verizon Network of retailer dealer stores and is based in Indianapolis, Ind. They currently operate more than 250 locations throughout the midwest and are expanding into New York and New England. Mike Hotarek of Eastern Retail Properties based in Newton, Mass., their exclusive broker, represented the tenant in this transaction. Gateway Plaza is one of the prominent strip shopping centers in the regional retail area of Manchester and co-tenants include Walgreens, Panera Bread, Aspen Dental, T-Mobile, FedEx/Kinkos, Applebees and more. New England Retail Properties, Inc. was co-founded in 1987 by partners Mark D'Addabbo and Mark Halprin and specializes in investment sales, shopping center and retail property leasing and tenant representation. They currently represent more than four million s/f of retail properties.
Tags: Retail
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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.

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Columns and Thought Leadership
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.
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.
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.
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.