News: Retail
Posted: December 22, 2009
Joyce and Nugent of RBJ represent Citizens Bank in 46,846 s/f lease
Richards Barry Joyce & Partners, LLC (RBJ), a full-service commercial real estate advisory firm, represented Citizens Bank in a 46,846 s/f lease at Legacy Place.
Legacy Place will house Citizens Bank's consumer finance, consumer & business banking, and marketing departments which will relocate from locations in Norwood and Westwood. The groups will occupy 43,772 s/f of office space, primarily on the second floor of the Pavilion Building.
Additionally, Citizens will open a banking branch, consisting of 3,074 s/f of retail space and three ATMs. The branch will offer full banking services. Citizens Bank will also become the banking and financial services sponsor of Legacy Place.
Legacy Place is a new 675,000 s/f development located at the intersection of Rte. 1 and Rte. 128. Anchored by Whole Foods Market, L.L.Bean, Showcase Cinema de Lux, Borders, and Kings, Legacy Place is a joint venture of WS Development and National Amusements.
Michael Joyce, partner, and Jay Nugent, senior vice president of Richards Barry Joyce & Partners represented Citizens Bank in the transaction. Colliers Meredith & Grew represented WS Development, the landlord and developer of Legacy Place.
MORE FROM Retail
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Ask the Electrician: How do I prepare my commercial building for a disaster?
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 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
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 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