News: Retail

Powers & Co. completes four leases totaling 21,988 s/f for dividend capital

Powers & Company has completed the following leases totaling 21,988 s/f: * Tedeschi Plaza in Hanover - 10,000 s/f has been leased to Cardinal Cushing. Paul Durgin of Jack Conway & Associates acted on behalf of the tenant. * Braintree - 2,388 s/f was leased to Dr. Dental in the Stop & Shop, TJ Maxx, Home Goods, center with CVS and other notable retailers. John Ferris of CBRE represented the tenant. * Skaket Corners in Orleans - Olympia Sports expanded and extended their lease and is now occupying over 6,000 s/f. Skaket Corners is anchored by Shaw's, CVS, Hallmark, Orleans Wine & Spirits. * Kingsbury Plaza in Kingston - 3,600 s/f was leased to Cardio Sport who is joining Hannaford, Aubuchon Hardware, Verizon Wireless, and others as well as another new tenant, Empire Liquors, who is scheduled to open this month. In another transaction, Leslie Cotter of Powers & Co. represented the landlord in the leasing of two locations to the Hair Cuttery. At Norwood Plaza, Hair Cuttery leased approximately 900 s/f with Shaw's and TJ Maxx. At Waltham Plaza, Hair Cuttery leased a former GameStop space of 1,200 sf. Waltham Plaza is anchored by Star Market with Citizens Bank Dress Barn, McDonald's and Panera Bread. Norwood celebrated their grand opening in February and Waltham should be open late spring early summer. Adam Cirel of Atlantic Retail Properties represented the tenant in both transactions. Hair Cuttery - Norwood, MA
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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