NEWS & RECENT TRANSACTIONS

SUMMIT REALTY PARTNERS INC. ANNOUNCES TEN NEW LEASE AND SALE TRANSACTIONS FOR A TACO BELL FRANCHISEE AS THEY EXPAND IN SOUTHEASTERN MA AND RHODE ISLAND

SUMMIT REALTY PARTNERS INC. ANNOUNCES TEN NEW LEASE AND SALE TRANSACTIONS FOR A TACO BELL FRANCHISEE AS THEY EXPAND IN SOUTHEASTERN MA AND RHODE ISLAND

Summit Realty Partners, Inc. is pleased to announce ten recent retail lease and sale transactions with Desert De Oro Foods, Inc, a multi-unit franchisee of Taco Bell. Exclusive brokers, Travis Ginsberg and Chris McMahon of Summit Realty Partners, Inc. have worked closely with Desert De Oro Foods, a 400+ unit franchisee, to fulfill their expansion goals throughout Southeast Massachusetts and Rhode Island.

Travis Ginsberg of Summit Realty Partners adds “These strategic transactions demonstrate our ability to identify the best on and off market real estate opportunities that align with our client’s expansion strategy.  We’re excited about the potential these locations bring to the Taco Bell brand, and we’re committed to helping our client achieve even more success over the coming years.”

DDO Foods has signed deals in many key New England retail markets securing locations in high-traffic retail corridors, including but not limited to Hanover, MA; Easton, MA; Brockton, MA; Middleboro, MA and Warwick, RI. The newly opened Hanover, MA location, pictured, is situated on a pad site in front of Target located on heavily traveled Washington Street (Route 53), providing prime visibility and convenient means of access to its customers.

Kim Sims, Director of Real Estate for DDO Foods comments, “Travis’ and Chris’s dedication and commitment to DDO’s growth in the New England market is remarkable!    Their market knowledge and strong relationships has exposed us to amazing real estate.”

DDO Foods and Taco Bell are actively pursuing new locations in Southeast Massachusetts and Rhode Island to further expand its footprint. Ideal properties include pad sites, undeveloped land sites, endcap spaces, existing buildings, or build-to-suit opportunities that offer prominent visibility and convenient access. The preferred building size is 2,500 square feet, with a minimum land area of 23,000 square feet. A drive-thru is essential for all locations.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.

SUMMIT REALTY PARTNERS, INC. BRINGS 300 MAIN STREET IN NASHUA, NH TO 100% LEASED FOR THE FIRST TIME SINCE THE 1970s

SUMMIT REALTY PARTNERS, INC. BRINGS 300 MAIN STREET IN NASHUA, NH TO 100% LEASED FOR THE FIRST TIME SINCE THE 1970s

Summit Realty Partners, Inc. is pleased to announce a recent lease with Simply Wireless, LLC d/b/a Verizon Wireless at 300 Main Street Marketplace, which brings this 270,000 +/- SF retail shopping center to 100% leased. Chris McMahon and Travis Ginsberg of Summit Realty Partners, Inc. represented the landlord in this transaction.

300 Main Street is conveniently located in the busy downtown area of Nashua, NH, and is anchored by Shaw’s Supermarket, a leading regional grocer in New England. The property benefits from a range of national and regional tenants, including Ocean State Job Lot, Dollar Tree, Zoo Health Club, Nova Trampoline Park, Advance Auto Parts, Taco Bell, Burger King, Wingstop, TD Bank, and more.

Since taking over the leasing of the asset in 2019, Summit Realty Partners has leased over 112,675 +/- SF, highlighting their dedication to bringing more retail businesses to downtown Nashua.

“We are thrilled that 300 Main Street is now a fully leased shopping center for the first time in decades,” said Ed Roberts, Managing Principal of Roberts Realty Group. “This achievement underscores the property’s prime location and diverse tenant mix, reflecting our commitment to enhancing local service offerings, achieving full occupancy, and redefining the potential of this site after years of strategic effort.”

Summit Realty Partners is a leader in shopping center leasing and tenant representation throughout New England, with a portfolio that emphasizes quality, innovation, and client satisfaction.

With over 25 years of experience, Summit Realty Partners, Inc. is a full-service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact us at 781.862.9700 X3 / go@sumrp.com. We look forward to hearing from you.

SUMMIT REALTY PARTNERS SELLS DOMINO’S NNN INVESTMENT PROPERTY IN PEPPERELL, MA FOR 0,000

SUMMIT REALTY PARTNERS SELLS DOMINO’S NNN INVESTMENT PROPERTY IN PEPPERELL, MA FOR $960,000

Summit Realty Partners, Inc. is pleased to announce its involvement in the recent sale of 116-118 Main Street, Pepperell, MA, a 100% leased Domino’s NNN investment property. This is the second time Summit has sold this property within the last 5 years.

The property, strategically located in the heart of Pepperell, features a 2,146 +/- sf freestanding restaurant building with a drive-up window on a 0.39 +/- acre parcel of land. The property benefits from a long-term lease with a franchisee of Domino’s, providing predictable income for investors. A multi-unit franchisee operates this Domino’s location which opened for business in 2021 after substantial interior and exterior building renovations.

“We are thrilled to have assisted our client in the successful sale of this prime property,” said Chris McMahon, of Summit Realty Partners. “The 100% leased nature of the Domino’s NNN investment made this an attractive asset for buyers seeking an income-generating property in a quality market like Pepperell.”

 Summit Realty Partners has established a reputation for successfully representing both buyers and sellers in a range of commercial real estate transactions, and this latest deal further solidifies their position as a leader in the industry.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.

SUMMIT REALTY PARTNERS NEGOTIATES NEWBURYPORT BANK’S RELOCATION TO BRAND NEW BUILDING ON A PAD SITE TO HANNAFORD IN EXETER, NH; FORMER SPACE IS NOW AVAILABLE FOR LEASE

SUMMIT REALTY PARTNERS NEGOTIATES NEWBURYPORT BANK’S RELOCATION TO BRAND NEW BUILDING ON A PAD SITE TO HANNAFORD IN EXETER, NH; FORMER SPACE IS NOW AVAILABLE FOR LEASE

Summit Realty Partners, Inc. is pleased to announce its involvement in the relocation of Newburyport Bank to a brand new building at the Hannaford Plaza in Exeter, NH.

Hannaford Plaza, located at 141 Portsmouth Ave in Exeter, NH, is in the center of the Exeter/Stratham retail corridor, which is home to many national, regional and local retailers. Newburyport Bank previously operated in-line at the plaza but has now transitioned to its own dedicated pad building located within the same plaza. The new location provides improved visibility and accessibility.

Chris McMahon and Travis Ginsberg of Summit Realty Partners oversee the leasing within this plaza. “We are thrilled to see Newburyport Bank in their new location” said Chris McMahon, “and we are excited to find the right tenant to fill their former space at this plaza”.

As a result of this transition, the bank’s former retail space, which is 2,486 +/- SF, is now available for lease. This highly visible location offers significant potential for businesses seeking to establish themselves in a thriving area. With easy access to major roads and a robust customer base, the former bank site presents a unique opportunity for retailers and service providers alike.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.

SUMMIT REALTY PARTNERS SELLS WOODBURY CORNER SHOPPING CENTER IN NEWINGTON, NH FOR ,900,000

SUMMIT REALTY PARTNERS SELLS WOODBURY CORNER SHOPPING CENTER IN NEWINGTON, NH FOR $2,900,000

Summit Realty Partners, Inc. is pleased to announce its involvement in the marketing and sale of a 9,382 +/- square foot, multi-tenant retail strip center located in a primary retail corridor along the New Hampshire Seacoast.

Woodbury Corner, at 2001 Woodbury Avenue in Newington NH, is located at the signalized corner of Woodbury Avenue and Gosling Road. The strip center features convenient access to Spaulding Turnpike and is less than 2 miles from I-95. Tenants at the shopping center include Mattress Firm and Batteries & Bulbs. Positive attributes of the property include strong demographics, high visibility, multiple curb-cuts, and strong traffic counts.

Woodbury Corner sold for $2,900,000 on October 8th, 2024, to a private investor. Chris McMahon and Travis Ginsberg of Summit Realty Partners Inc. represented the seller, RPI Newington LLC, an affiliate of Riverside Properties, Inc. of Wellesley, MA. Caitlin Burke of The Boulos Company represented the buyer.

Summit ran a comprehensive marketing campaign to promote Woodbury Corner for sale after being involved with the property since 2009 when Summit worked with Riverside on the redevelopment of the property into the multi-tenant strip center it is today. Summit has handled the retail leasing at the property since 2010 and was glad to be a part of this important sale transaction.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.

SUMMIT REALTY PARTNERS SELLS EXCESS PROPERTY FOR DOMINO’S FRANCHISEE – 1.27 +/- ACRES OF DEVELOPMENT LAND FOR $290,000

SUMMIT REALTY PARTNERS SELLS EXCESS PROPERTY FOR DOMINO’S FRANCHISEE – 1.27 +/- ACRES OF DEVELOPMENT LAND FOR $290,000

Summit Realty Partners is pleased to announce the successful sale of 4 Silver Fox Lane, 1.27 +/- acres of shovel-ready development land, in Raymond, NH.

The commercial property, located in a prime retail area of Raymond, NH at the intersection of Route 101 and Freetown Road, near a brand-new Starbucks, Domino’s and Verizon sold for $290,000. The excess property was sold on behalf of the seller, a Domino’s franchisee, demonstrating Summit Realty Partners’ expertise in handling excess property transactions.

Summit Realty Partners facilitated the sale through a comprehensive strategy that included targeted marketing, extensive property exposure, and expert negotiation skills, which all contributed to a successful result for their client.

Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the seller in this transaction. According to Chris McMahon, “We are pleased to have helped our client achieve a successful outcome for this excess property. Our targeted approach, market expertise, and relationships were key in securing a favorable sale, and we look forward to continuing to deliver exceptional results for our clients in the future.”

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact us at 781.862.9700 X3 / go@sumrp.com.  We look forward to hearing from you.

Summit Realty Partners, Inc. brings 240 Loudon Road in Concord, NH to 100% leased

Summit Realty Partners, Inc. brings 240 Loudon Road in Concord, NH to 100% leased

Concord, NH: July 10, 2024: Summit Realty Partners, Inc. is pleased to announce a recent lease with H&R Block which brings this 17,900 +/- SF modern retail strip center to 100% leased. This property is in the densely populated Concord Heights section of Concord, NH and is shadow anchored by Shaw’s Supermarket and the area’s largest mall (The Steeplegate Mall – 475,000 +/- SF) which is proposed to be redeveloped into a mixed-use property with at least two new major new-to-market retailers. This multi-tenant retail strip center includes LensCrafters, Mattress Firm, U.S. Cellular, H&R Block, Tropical Smoothie Café and a free-standing Starbucks with drive thru. This achievement highlights Summit Realty Partners’ commitment to excellence at a property that Summit has represented since it was developed in 2006.

Chris McMahon and Travis Ginsberg of Summit Realty Partners Inc. represented the Landlord in this transaction.

“We are thrilled to reach full occupancy at 240 Loudon Road after Jos A Bank left us with a 4,500 sf vacancy which needed to be demised for two tenants, Tropical Smoothie Café and H&R Block,” said Travis Ginsberg Vice President of Summit Realty Partners. “This milestone demonstrates our team’s unwavering commitment to leasing space and maximizing value for property owners.”

Summit Realty Partners is a leader in shopping center real estate throughout New England, with a portfolio that emphasizes quality, innovation, and client satisfaction.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact us at 781.862.9700 X3 / go@sumrp.com.  We look forward to hearing from you.

Summit Realty Partners, Inc. Leases 20,720 +/- SF to O’Reilly Auto Parts in Manchester, NH

Summit Realty Partners, Inc. Leases 20,720 +/- SF to O’Reilly Auto Parts in Manchester, NH

Summit Realty Partners, Inc. is pleased to announce its recent participation in a retail lease agreement for O’Reilly Auto Parts. This new location is now open for business in Manchester, New Hampshire. O’Reilly Auto Parts leased a 20,720 +/- sf space at Manchester Run Shopping Center, a prominent 63,000 +/- plaza located in the heart of New Hampshire’s largest city. It is supported by one of the strongest regional trade areas in the state. Manchester Run Shopping Center hosts a variety of national tenants including Party City, DSW, Guitar Center, Taco Bell, and Chase Bank.

Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the landlord, Centerco Manchester, LLC in this transaction. The Boulos Company represented the tenant, O’Reilly Auto Parts, in this transaction.

O’Reilly Auto Parts is a retail chain that specializes in automotive parts, tools, supplies, equipment, and accessories. It’s one of the largest automotive parts retailers in the United States, with stores across the country. O’Reilly provides products for both professional mechanics and automotive enthusiasts, offering a wide range of items from car batteries and brakes to engine components and accessories. They also offer services like battery testing and diagnostic scanning at many of their locations.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.

Summit Realty Partners, Inc. Brings Jersey Mike’s Subs to North Conway, NH

Summit Realty Partners, Inc. Brings Jersey Mike’s Subs to North Conway, NH

North Conway, NH (April 30, 2024) – Summit Realty Partners, Inc. is pleased to announce its recent involvement in a retail lease transaction for a Jersey Mike’s Subs location that is now open for business in northern New Hampshire. Jersey Mike’s Subs leased a 2,283 +/- sf space at Northway Plaza in North Conway, NH, which is a 75,000 +/- sf square foot shopping center located in a prime retail corridor. Jersey Mike’s joins existing businesses including TJ Maxx, Petco and US Cellular. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the landlord, North Conway Plaza, LLC c/o The Druker Company, Ltd. in this transaction. Pat Gallagher of Atlantic Retail represented the tenant, JM Bedford, LLC d/b/a Jersey Mike’s Subs in this transaction. Jersey Mike’s Subs is a popular American submarine sandwich chain headquartered in New Jersey. The Jersey Mike’s Subs franchise is actively growing, with roughly 2,000 locations open and many more in development across the United States. Summit Realty Partners is now focused on leasing the 34,688 +/- square foot space formerly occupied by the Christmas Tree Shops at Northway Plaza, which provides a premium opportunity for expanding retailers.

Summit Realty Partners, Inc. Announces Multiple New Leases with Tropical Smoothie Cafe & Finalizes its 20th Transaction

Summit Realty Partners, Inc. Announces Multiple New Leases with Tropical Smoothie Cafe & Finalizes its 20th Transaction

Lexington, MA: February 8, 2024: Summit Realty Partners, Inc. is pleased to announce four recent retail lease transactions with Tropical Smoothie Café, which brings the total number of leases that Summit Realty Partners, Inc. has completed with Tropical Smoothie Café to twenty. Travis Ginsberg and Chris McMahon from Summit Realty Partners, Inc. have worked closely with Tropical Smoothie to fulfill their real estate goals throughout New England.

A multi-unit franchisee of Tropical Smoothie Café has signed lease agreements to enter three new retail markets including Keene, NH, Nashua, NH and Haverhill, MA. All three are located in dominant shopping centers with top performing grocery stores. A separate multi-unit franchisee has signed a lease in a CVS anchored center located in Fairhaven, MA.  The Fairhaven, MA lease represents a relocation of an existing Tropical Smoothie Café within the Fairhaven retail market.

Tropical Smoothie Café is a fast-casual restaurant that offers fresh smoothies, açai, chia and yogurt bowls, wraps, salads, sandwiches, flatbreads and more in a casual, comfortable setting. To date, Tropical Smoothie Café has over 1,400 cafés across the country, with many more in development.

Real Estate Requirements: Tropical Smoothie Café is seeking additional locations in Massachusetts, New Hampshire, Connecticut and Rhode Island. Size ranging from 1,300 to 2,000 +/- sf with a preference of grocery anchored shopping centers or strip centers with existing fast casual restaurant tenants. Drive-through opportunities are preferred, but not required.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.