News: Retail

Plotkin of Northeast Retail Leasing & Management brokers 7,100 s/f lease

According to Daniel Plotkin, principal with Northeast Retail Leasing & Management Company, LLC, East Haven, Conn.-based Town Fair Tire Centers opened its 82nd store at 215 Main St. and has four new stores following it slated to open around the second quarter of 2011. The 7,100 s/f Tewksbury store sited below Rte. 38 to avoid zoning prohibitions was built with a high façade offering signage visibility. Plotkin said, "The building location is counter-intuitive for the average new store development rep, but from a sales point of view it's a home run." Town Fair is creative and flexible when it comes to high volume markets and will always try to find a way to make a new store work, whether in existing buildings or new construction. The four new stores under construction are located in Middletown, R.I. at West Main Rd. and Valley St., Woburn, Mass. at 420 Washington St., Topsham, Me. at Topsham Fair Mall Rd., and Auburn, Me. on Mt. Auburn Ave. and are all new 7,144 s/f prototypical buildings. The four new stores will bring the store count to 86. Plotkin continues to seek locations throughout New England, especially in eastern Mass., southern N.H., and Me. Town Fair Tire is a privately owned company in business since 1966. Town Fair Tire sells and installs tires and wheels but does not sell parts or repair motor vehicles.
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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