News: Northern New England

Mace of KeyPoint Partners signs 96,183 s/f lease extension to Kohl's

Kohl's Department Store has signed a long-term renewal for 96,183 s/f at The Crossings, according to Robert Lemons, managing partner of KeyPoint Partners, LLC. The commercial real estate service firm manages and leases the center. Don Mace, vice president of leasing, negotiated the transaction on behalf of the landlord. "The Crossings is the premier regional power center in the Seacoast area. The Crossings offers a strong roster of national anchor retailers and restaurants. Recent new tenants such as ULTA Beauty and Trader Joe's, have significantly improved the draw of the center," said Mace. "The Kohl's lease extension ensures long-term value for our client." The 475,000 s/f Crossings is adjacent to the Fox Run Mall at the heart of the vibrant Newington/Portsmouth retail market. Other tenants include Old Navy, Best Buy, Dick's Sporting Goods, Barnes & Noble, Kitchen & Company, Staples, Jared the Galleria of Jewelry, Michael's, Five Below, Chipotle Mexican Grill, Longhorn Steakhouse, Toys 'R' Us, and Me & Ollie. The Crossings also features a 15-screen, stadium seating, surround-sound Regal Cinema.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

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

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 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