News: Retail

Royal Props. brokers five deals at ShopRite Plaza totaling 8,361 s/f

The Royal Properties, Inc. leasing team of Jeff Kintzer and David Landes brokered the following lease transactions at ShopRite Plaza. Village Gourmet has signed a 15-year lease for 1,920 s/f. Village Gourmet currently has three other restaurants throughout Connecticut. Steve DeMasco's Shaolin Studios has signed a 10-year lease for 980 s/f. SDSS specializes in martial arts. They currently have four other locations throughout Connecticut. Royal Properties is seeking additional sites for SDSS throughout Westchester County, N.Y. and Fairfield County. GameStop has signed a 5-year lease extension to remain in its current 1,400 s/f space. Aspen Dental has signed a 3-year lease extension to remain in its current 2,017 s/f space. Choice Pets has signed a 5-year lease extension to remain in its current 2,044 s/f space. "This center is anchored with one of the busiest supermarkets in the state of Connecticut," said Kintzer, principal of Royal Properties, Inc. and leasing manager for ShopRite Plaza. "The only remaining vacancy is a 20,000 s/f space that was occupied by Comp USA. We have leased this space to several temporary stores but since ownership has agreed to divide the space there has been considerable interest from several retailers."
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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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Columns and Thought Leadership
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.
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.

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.