Wood of HK Group brokers two restaurant leases totaling 2,836 s/f
Kerry Wood, vice president at HK Group in Westport, brokered two restaurant leases in downtown. Bagel King of Bridgeport will open its downtown location at 274 Fairfield Ave., in 1,236 s/f of space with an outdoor patio. Bare, Tapas & Vino, will open at 277 Fairfield Ave. in 1,600 s/f of space, also with an outdoor patio. Each location has unique outdoor seating areas, basement storage, and access to plenty of parking. Both restaurants are planning to be open by the end of September.
Bagel King will provide coffee, breakfast, lunch, and of course, bagels. Bagel King also caters and will grow its business with the neighboring office clientele in the catering area. This is the second restaurant for the owner's of Bare but they are rolling out a new menu featuring quality tapas, a large selection of wines, and offering guests a private dining area.
The surrounding neighborhood is home to several restaurants, a new independent movie theater, offices, and residences. With the influx of new residential units overall, the downtown has seen many new business move in to accommodate the growing population.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,