RM Bradley relocates MotoPhoto to 4,300 s/f at Avon Village Marketplace
RM Bradley completed the relocation of Avon MotoPhoto, a full service photo store and portrait studio, to Avon Village Marketplace. MotoPhoto has signed a 7 year lease for 4,300 s/f at 11 E Main St. Local businessman Joel Miller has owned the store for 12 years, currently located at 380 West Main St., since December of 2002.
MotoPhoto's new store in Avon Village, which will open early this year, includes 2 portrait studios where their 5 staff photographers specialize in family portraits, high school seniors and children. They also provide location photography for local schools, weddings, mitzvahs, daycare centers and sports leagues.
Avon Village Associates purchased Old Avon Village from the August family, the owners of the property for the last 40 years, in May of last year. Their focus has been to update the Village and expand the village's tenant base, while serving the existing tenants with their tenant oriented management team. The addition of MotoPhoto is consistent with their objective of providing local services to the residents of the Farmington Valley.
RM Bradley represented the landlord on this transaction.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.