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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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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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.
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.