News: Retail
Posted: February 23, 2024
Ginsberg and McMahon of Summit Realty arrange four new leases with Tropical Smoothie Café
Lexington, MA Summit Realty Partners, Inc. has completed four retail lease transactions with Tropical Smoothie Café. This brings the total number of leases that Summit Realty has completed with Tropical Smoothie Café to 20. Travis Ginsberg and Chris McMahon from Summit Realty Partners have worked closely with Tropical Smoothie to fulfill their real estate goals throughout New England.
A multi-unit franchisee of Tropical Smoothie Café has signed lease agreements to enter three new retail markets including Keene, NH, Nashua, NH and Haverhill, Mass. All three are located in dominant shopping centers with top performing grocery stores. A separate multi-unit franchisee has signed a lease in a CVS anchored center located in Fairhaven, Mass. The Fairhaven lease represents a relocation of an existing Tropical Smoothie Café within the retail market.
Tropical Smoothie Café is a fast-casual restaurant that offers fresh smoothies, acai, chia and yogurt bowls, wraps, salads, sandwiches, flatbreads and more in a casual setting.
Tags:
Retail
MORE FROM Retail
Retail
The Landing at Hyannis expands with additional retailers
Hyannis, MA The Landing at Hyannis continues its transformation with three new businesses joining its roster of retail and dining options. These brands, making their debut on Cape Cod, include fashion retailer Nordstrom Rack, physician-owned medical spa SkinMD, and eyewear retailer Warby Parker.
Quick Hits
Columns and Thought Leadership
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.
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.
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.
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.