News: Owners Developers & Managers

The Grossman Cos. renews leases: Kingstown Plaza 100% occupied

Long-term lease renewals at Kingstown Plaza on Rte. 1 (Post Rd.) means that the busy destination shopping center will remain 100% occupied. The landmark 87,500 s/f plaza is undergoing renovations. One of the plaza's largest retailers, HomeGoods and Pier Pizza have renewed their leases according to broker Frank O'Neill who represented the tenants and the landlord, The Grossman Companies, Inc., based in Quincy, Mass., which also manages the property. O'Neill said the plaza is successful due to its tenant mix, highway access and regional demographics. Long-time tenant HomeGoods, renewed their lease for their 26,360 s/f store. Pier Pizza, a tenant since 2003, renewed their lease for 1,000 s/f. In the past the New York style pizza maker was voted home of the "Best Pizza and Grinders" by Rhode Island Monthly Magazine readers. Other long-time anchor tenants are TJ Maxx and Dollar Tree. Other tenants are Weight Watchers, The Talent Factory, Kool Kidz, Verizon Wireless, Sovereign Bank, Lucky Nails, Curves for Women, and Exotic Tans.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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