Massage Envy, one of the nation's largest providers and franchisors of therapeutic massage services, has signed a long-term lease for 2,600 s/f of space at Playhouse Square, a shopping center located at 275 Post Rd. East. This will be the company's sixth clinic in Connecticut and third in Fairfield County.
Jason Wuchiski, senior vice president of RHYS Commercial's retail leasing division, was the sole broker in the long-term real estate transaction. Playhouse Square's landlord, HB Nitkin, currently owns and manages a portfolio of over a million s/f of space in Connecticut and New York.
"Thanks to today's high-stress society, the demand for an accessible and affordable massage clinic has never been greater. Playhouse Square is an excellent shopping center in a very high-profile market. Massage Envy is well-positioned here as it continues to open more locations throughout the region," said Wuchiski.
Massage Envy offers professional and affordable therapeutic massage services with a heavy emphasis on convenience, so that even busy people can maintain a healthy, balanced lifestyle. Each clinic offers everything from reflexology and targeted prenatal, geriatric and sports-specific massages to relaxing spa-like treatments like Swedish massage, hot stone therapy and a variety of facials. Founded in Scottsdale, Ariz. in 2002, Massage Envy has more than 600 clinics operating in 42 states, generating more than $450 million in system-wide sales.
Serving the New York, New Jersey and Connecticut markets, RHYS Commercial's team of real estate professionals provides strong expertise and a proven track record in retail, office and industrial leasing, tenant and landlord representation.
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