News: Retail

The Grossman Cos. completes lease renewal for Dunkin' Donuts

One of the South Shore's larger Dunkin' Donuts franchisees has renewed its lease for its 200 s/f kiosk at the Quincy Granite Place at the intersection of Granite St. and Burgin Parkway. While the lease may be the smallest negotiated in recent years by Richard McKinnon, The Grossman Companies' director of brokerage services, said, "This lease is 'big' in that it maintains the destination plaza at 100% occupancy." The center has maintained 100% occupancy with several long-term, blue-ribbon retailers for nearly the entire two decades since the site was redeveloped by Grossman. The 61,400 s/f shopping plaza is anchored by TJ Maxx and is also home to Dress Barn, Olympia Sports, Papa Gino's, Boston Market, and The Big Party. The plaza services both a high-density residential and daytime office population as it is just minutes from Crown Colony Office Park and several other office complexes.
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Retail

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
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.
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.

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.