News: Retail

Summit Realty Partners completes two leases totaling 8,800 s/f

Summit Realty Partners has completed two lease signings at Exeter Commons Shopping Center, which brings the 96,000 s/f shopping center to 100% occupancy. Advance Auto Parts and Great Clips have executed leases for 7,500 s/f and 1,300 s/f respectively and are currently under construction at the neighborhood shopping center located at the lighted intersection of Portsmouth Ave. and Alumni Dr. The national retailers will join several existing area businesses including Margaritas Mexican Restaurant, Rite Aid, Dollar Tree, One The Vine, Little Critters Pet Center, Stop & Shop, Dunkin Donuts and many other great businesses in Exeter's thriving commercial corridor. Chris McMahon of Summit Realty Ptrs. represented the Portsmouth, N.H.-based landlord, WJP Development, in securing both tenants. The Dartmouth Company represented Great Clips and Atlantic Retail represented Advance Auto Parts. Summit Realty Ptrs. is currently involved in another project in located at 1-3 Portsmouth Avenue in Stratham.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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