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.
MORE FROM Owners Developers & Managers

Elm Grove Companies breaks ground on $20 million - The Rapids On Cocheco

Rochester, NH Real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Rd. This will be the company’s ninth venture in the affordable housing arena with other affordable properties in the state totaling 430 apartments
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Columns and Thought Leadership
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact