Category: Retail

Milford, MA The South Plaza, an 80,000 s/f property located at 146 South Main St., was sold on July 6, 2023, for $4.7 million which is 7.9 cap. Dan Waldman  of Waldman & Associates represented the owner and procured the buyer. Waldman started leasing the plaza several years ago when it was 50% vacant. Now it is 100% leased, and the new tenants are thriving.

Lynnfield, MA MarketStreet Lynnfield has welcomed the casual dual-concept Asian restaurant, Soi 8 / Sushi Ike to their dining offerings. Taking diners on a culinary journey from Japan to Southeast Asia, the new restaurant combines the best of a traditional Japanese sushi restaurant and a lively Thai/Southeast Asian street food experience.

Burlington, MA Nordblom Company celebrated the grand opening of its newest pop up retailer, Plaid Pine Designs, at their popular retail, dining and entertainment destination, 3^rd Ave. Plaid Pine Designs creates high-quality, functional children’s clothing, while putting sustainability at the forefront. 

Hingham, MA Rhone, the men’s high-performance apparel brand engineered for an active lifestyle continues its brand expansion in Massachusetts with a new store opening at Derby Street Shops in late summer 2023.   “We are excited to open our doors at Derby Street Shops and look forward to continue building the Rhone brand in the Boston area.

Lynnfield, MA MarketStreet Lynnfield is opening Arc’teryx, the global design company specializing in technical high-performance apparel and equipment, at the property in winter 2023. Headquartered in North Vancouver, British Columbia, Arc’teryx was founded on the idea that there is always a better way and is known for leading innovations in climbing, skiing and alpine technologies.

Milford, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., has completed the following transaction.  Michael Richetelli represented the seller, Milford Post Associates, LLC, in the sale of 1590 Boston Post Rd., a multi -tenant retail property on .81 +/- acres for $2,032,900.

Framingham, MA Atlantic Capital Partners has completed the sale of the Stop and Shop, a grocery-anchored, multi-tenant shopping center for $17.4 million. Justin Smith, head of capital markets; Chris Peterson, vice president of capital markets; Sam Koonce, vice president of capital markets; and Danielle Donovan, senior analyst

Barnstable, MA Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of a three-property portfolio of single-tenant net-leased assets. The properties are a 122,358 s/f BJ’s Wholesale and a 7,974 s/f Napa Auto Parts store in Jacksonville, FL, and a 9,750 s/f CVS pharmacy in Barnstable. The portfolio sold for $29.5 million.

Durham, NH Colliers has completed the sale of Mill Plaza. According to the Strafford County Registry of Deeds, the sale price was $8.8 million. Abigail Bachman and David Choate, of Colliers’ Portsmouth office, represented the seller, Colonial Durham Associates, L.P., in this ‘Call for Offers’ style sale.

Beverly, MA Herrick Lutts Realty Partners represented both ownership and tenant in these recent transactions: Nick Zolotas and Rich Vincent of Herrick Lutts Realty Partners secured the lease between owner Winkel Properties and the new tenant, Beverly G. LLC , for retail space at 27-33 Enon St. Formerly a 6,066 s/f Bertucci’s Italian Restaurant, the two parties have entered into a long-term lease with options to extend.

North Providence, RI Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Lowe’s Home Improvement. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $15.3 million, a 6.53% cap rate.

Topsham, ME Five Below leased 10,768 s/f of retail space at the Topsham Crossing Center, bringing the complex to 100% occupancy for the first time since Bed Bath & Beyond relocated to Brunswick in 2016.  Derek Miller, Brice O’Connor, and Sasha Phillips of The Boulos Company represented the landlord, Bridge33 Capital, in the transaction and Jim Bagley with Atlantic Retail represented the tenant.