News: Retail

Meyers of Paramount Partners leases 54,500 s/f at Waterstone Retail's Carver Marketplace

Waterstone Retail Development and Deb Meyers of Paramount Partners Brokerage have signed 3 new anchor tenant leases at Carver Marketplace. Carver Marketplace is a 75,000 s/f shopping center located at 160 N. Main St., less than ¼ mile from the new Rte. 44 interchange. The landlord, Waterstone Retail Development, was represented by Deb Meyers, a principal of Paramount Partners. They have leased 54,500 s/f in three separate transactions. Stonewood Health & Fitness is a 30,000 s/f health and wellness center that will offer a full fitness center, physical therapy, HydroWorx swimming pool, basketball court, etc. and will open in February. Boomerang Family Playland is a 14,000 s/f destination family attraction, offering kids' games, play structures, party rooms, and entertainment. Boomerang's will be open before the holiday season. Dollar Tree was represented in their 10,500 s/f lease by Jonathan Rauch of Strategic Retail Advisors. Also involved as a co-broker and representative to the owner, were Harmon Lewis and Ed Gerwig of National Commercial Brokers, Inc. Dollar Tree is currently open for business. Carver has experienced market growth over the past 24 month period. Plans for the proposed casino one mile away in Middleborough and the redevelopment of the 100 acre sand and gravel pit behind the center, have sparked interest in the area. Growth in this area has also been stimulated by the population increase with the relocation of many Boston area commuters, regional commercial activity, and the recent completion of the Rte. 44 connector, which has more than doubled traffic flow. Waterstone redeveloped and improved Carver Marketplace by rebuilding the facade, parking lot and pylon sign. Waterstone has permitted the center for an additional 20,000 - 40,000 s/f.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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