News: Retail

Plotkin of NRL&M brokers two new Town Fair Tire store leases

According to Daniel Plotkin, principal of Windsor-based Northeast Retail Leasing and Management Company, two new Town Fair Tire stores have opened - in Braintree (8,000 s/f) in the Stop & Shop center located at 300 Grove St. and Keene, N.H. (7,200 s/f) on Key Rd. adjacent to Autozone. The two stores represent the latest in tire retailing and installation technology and have the newest, state of the art tire balancing and four wheel alignment equipment in the industry. The two new stores follow the retailers formula of locating in or as close as possible to regional trade areas with high traffic, middle to upper middle incomes, high vehicle counts and high-draw co-tenancy. Both stores are examples of Town Fair's ability to redeploy existing space rather than build new buildings, although its prototypical building of 70' x 100' is preferred when feasible. Town Fair continues to seek locations throughout eastern Massachusetts, New Hampshire and Maine. Plotkin of Northeast Retail Leasing and Management Complany exclusively represents Town Fair Tire.
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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
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.
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.
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.