News: Retail

N.E. Retail Props. handle 2 leases totaling 2,400 s/f at Sundad Plaza

Nelson Pickering of New England Retail Properties, Inc. in Wethersfield, exclusively represented the lease of Soleil Tanning Salon, a 1,200 s/f tanning salon, and Cucamaracara Mexican Eatery, a 1,200 s/f restaurant at Sundad Plaza which is located at 1371 East Main St. Sundad Plaza is a 12,000 s/f shopping center located off I-91 and the Merritt Parkway. Pickering was the sole broker on both deals. This is Soleil Tanning Salon's first location and they are currently open and operating. This is Cucamaracara's second location in Conn. and they are scheduled to open in September. Their first eatery is Sal's Pizza in Meriden, which has been serving the community since 1972. New England Retail Properties, Inc. is a commercial retail brokerage firm that has been in business since 1987 and exclusively represents over 4 million s/f of retail space, along with several national retail tenants in all major markets in New England. New England Retail Properties, Inc., exclusively represented the lessor, Sundad, LLC of Middlefield, and the lessee, Soleil Tanning Salon, LLC and Cucamaracara Mexican Eatery, LLC in the transactions.
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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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Columns and Thought Leadership
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.
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.
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.