News: Northern New England

Summit Realty Partners leases up vacant retail space in the Capital City

240 Loudon Road - Concord, NH

Concord, NH Summit Realty Partners Inc. negotiated retail lease transactions with LensCrafters and Tropical Smoothie Café at 240 Loudon Rd. These two nationally branded retailers join a line-up of tenants including Starbucks, Mattress Firm and US Cellular at this 17,900 s/f shopping center located next to Shaw’s Supermarket.

LensCrafters leased a 3,700 s/f space at the shopping center which allowed them to relocate their existing well-performing store to an open-air retail environment. LensCrafters is part of Luxottica an international retailer of prescription eyewear and prescription sunglasses.

Tropical Smoothie Café leased an 1,830 s/f endcap at the shopping center which is a portion of the former Jos A Bank. Tropical Smoothie Café is a fast-casual restaurant concept that serves smoothies, wraps, salads, sandwiches, flatbreads and more in a casual, comfortable setting.

Chris McMahon and Travis Ginsberg of Summit Realty Partners Inc. represented the landlord in both of these transactions

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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