News: Retail

Middlesex Savings Bank to open new location at Maynard Crossing

Maynard, MA According to Capital Group Properties, Middlesex Savings Bank has executed a lease agreement to open a new branch location at Maynard Crossing, a premier new pedestrian-centric mixed-use development anchored by Market Basket that is located at 129 Parker St. Middlesex Savings Bank will occupy a new 4,000 s/f pad building with a dual lane drive-thru. This new branch is anticipated to open in the spring of 2021.

“We are thrilled to be continuously adding best-in-class tenants that will make Maynard Crossing a true neighborhood shopping center with great variety to serve residents of Maynard and other surrounding communities,” said Brendan Carroll, retail leasing manager of Capital Group Properties. “Middlesex Savings Bank is deeply invested in the communities they serve, and we look forward to welcoming the bank to Maynard Crossing.”

As one of the largest mutually owned savings banks in the country, Middlesex Savings Bank operates a network of thirty branches throughout Massachusetts. 

“Middlesex Savings Bank has been part of the Maynard community for a long time,” said Adam Fandrey, senior vice president and corporate real estate director at Middlesex Savings Bank. “We are pleased to be able to offer our customers additional amenities at this new location, including ample parking, drive-thru service, and convenient proximity to shops.”

Middlesex Savings Bank will join a variety of other premier tenants at the 306,000 s/f Maynard Crossing development, which broke ground in 2019. Market Basket, Planet Fitness and Dunkin’ will be among the first retail tenants to open in the fall of 2020. Other lease agreements executed to date include Gymja Warrior, 110 Grill, Condesa Restaurante & Tequila Bar, Supercuts, The Paper Store, Evviva Trattoria and more. 

The Vue at Maynard Crossing, a 180-unit high-end apartment complex developed by LeCesse Development, is now open with leasing underway, and Camellia Gardens, the 143-unit upscale senior independent living community developed by Hawthorn Retirement Group is slated for delivery in the second quarter of 2020. 

Maynard Crossing is located at the intersection of Rte. 27 and Rte. 117 and is accessible by I-95, I-495, Rte. 2 and Rte. 20 to serve surrounding towns including Acton, Concord, Sudbury, Hudson, and Stow.

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