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.
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 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!
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 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