News: Retail

O'Neill of Grossman Co. brokers 2 leases to fully occupy 87,000 s/f center

With the recent renewal of Weight Watchers' lease and the addition of two new tenants -- The Talent Factory and Kool Kidz, the 87,000 s/f landmark Kingstown Plaza on Post Rd. on Rte. 1, is 100% occupied. "The plaza has a great mix of both large and small tenants, including national, regional and local retailers," according to broker Frank O'Neill who represented the tenants and the landlord, The Grossman Companies, Inc., in the most recent transactions. He notes that due to the large number of stores in the plaza and changing business climates, getting to 'No vacancy' can present a challenge to property owners. Long-time anchor tenants are TJ Maxx, HomeGoods and Dollar Tree. They are complemented by a variety of product and service-oriented stores including Verizon Wireless, Sovereign Bank, Lucky Nails, Curves for Women, Pier Pizza, Exotic Tans, The Talent Factory, a unique studio teaching dance, voice and acting; and Kool Kidz, "where kids can get a Kool haircut and a great time." Weight Watchers renewed its lease for 2,000 square feet. O'Neill says The Grossman Companies, Inc., based in Quincy, Mass., is actively pursuing leasing and sales assignments throughout R.I., Mass. and southern N.E.
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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