McKinnon of The Grossman Companies, Inc. brokers 29,615 s/f lease renewal to T.J. Maxx
T.J. Maxx, the anchor store at Quincy Granite Place has renewed its lease for 29,615 s/f. The clothing store was an original tenant when the plaza opened in 2000.
Lease negotiations were handled by Richard McKinnon, broker for The Grossman Companies, Inc., who represented the landlord, 126 Granite Street Trust. The plaza, which continues to be 100% leased, is managed by Grossman.
Anchored by T.J. Maxx, the 61,400 s/f retail center is also home to iParty, Dress Barn, Olympia Sports, Papa Gino's, Boston Market and Dunkin Donuts. The shopping center is located at the intersection of Granite St. and Burgin Pkwy.
The plaza accommodates a high-density residential population and a daytime office population as it is close to Crown Colony Office Park and several other office complexes. It is a block from downtown.
TJ. Maxx (www.TJX.com) operates over 900 stores nationwide and sells discounted brand-name family apparel, home fashions, beauty aids, jewelry and accessories.
Based in Quincy, Mass., The Grossman Companies, Inc., offers a full range of brokerage services, with a focus on leasing and sales of commercial property throughout New England.
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 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!
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 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