News: Retail

McKinnon of Grossman Cos. leases 1,584 s/f to Scottrade at Munroe Pl.

With the recent lease of 1,584 s/f to Scottrade, Inc., a national brokerage firm, the Retail Shops at The Residences at Munroe Place in Quincy Center is 100% occupied. This is the first time the five retail units have been fully leased. Representing the landlord, Munroe Place LLC, in lease negotiations was Richard McKinnon, director of brokerage services for The Grossman Companies, Inc. of Quincy. Peter Montisanto of The Dartmouth Group represented Scottrade. Other retail tenants at The Residences at Munroe Place are Starbucks, Citi Financial, T Mobile and Market USA. The shops are on the street level of a 111-unit luxury apartment building adjacent to the MBTA's Quincy Center Red Line and Commuter Rail station. The Residences is in the heart of Quincy's historic downtown and within walking distance of over 600,000 s/f of office space. Scottrade offers a full line of investment products, online trading platforms and market research tools.
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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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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.

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.