News: Retail

Powers & Co. brokers five leases totaling 23,000 s/f at Vinnin Sq. Plaza

Powers & Company, representing the owner of Vinnin Square Plaza, has brokered five new leases totaling over 23,000 s/f to revitalize Vinnin Square Plaza and positioned the center to just one space short of 100% leased. The five new retailers are Petco, the Paper Store which leased 6,500 s/f, Aiki Hibachi which will operate out of 5100 s/f, All Eye Care Optical, and Kenneth Jon Jewelers who both leased 1,350 s/f each. Cooperating brokers Atlantic Retail Properties, The Drumlin Group, and The Auber Group represented their tenants. This great new line up of retailers joins CVS, Panera Bread, Elizabeth Grady, Sleepy's and Athlete's Corner. Powers & Company represents retail landlords throughout the greater Boston area.
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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
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.
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.

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.