NEWS & RECENT TRANSACTIONS
Summit Realty Partners leases 7,000 +/- SF to Pet Supplies Plus in Franklin, MA
Franklin, MA: February 17, 2021: Pet Supplies Plus has executed a 7,000 +/- sf lease and opened a new store at Horace Mann Plaza shopping center located in Franklin, MA. Pet Supplies Plus is a national pet supply retailer and the third largest specialty pet food retailer in the US. Pet Supplies Plus will join several existing businesses at Horace Mann Plaza including Shaw’s Supermarket, Altitude Trampoline, Aubuchon Hardware, Dollar Tree, Big Lots, Kumon and more. Chris McMahon and Travis Ginsberg represented the landlord in the transaction. Bialow Real Estate represented the Tenant.
Horace Mann Plaza is a premier 175,000 +/- square foot grocery-anchored shopping center located in the eastern portion of Franklin, MA at the intersection of Route 140 and Chestnut Street. This property offers a diverse tenant roster of both national and regional retailers.
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 completes a sale and lease transaction in Easton, MA
Easton, MA: January 21, 2021: Summit Realty Partners is pleased to announce two recent transactions completed at Highland Plaza in Easton, MA.
Starbucks has signed a lease for a brand new, freestanding 2,500 +/- square foot building with drive-thru located on a pad site at 33 Robert Drive. In addition, Avalon Apartments purchased a 2.05 +/- acre pad site located at 49 Robert Drive.
Both pad sites are situated in close proximity to Target, a brand-new AvalonBay community, and Highland Plaza which is anchored by Big Y, TJ Maxx and other established retailers. Easton, MA is a suburban community located approximately 29 miles south of downtown Boston. The site features easy accessibility via the lighted intersection at Roberts Drive, which also conveniently serves as the only entrance to the Target, Highland Plaza and 228-unit AvalonBay community.
Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the landlord, MSCC Easton, LLC and Steve Menty of Atlantic Retail represented the tenant on the lease with Starbucks. Summit Realty Partners represented the seller, Highlands Station LLC, an entity controlled by Phillips Edison & Company on the sale to Avalon Apartments.
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 finalizes a ground lease with Bar Harbor Bank & Trust in Bedford, NH
Bedford, NH: December 15, 2020: Summit Realty Partners, Inc. has finalized a ground lease with Bar Harbor Bank & Trust in Bedford, NH.
Bar Harbor Bank & Trust has executed a ground lease in Bedford, NH for a new branch location which is currently under construction and scheduled to open in December 2020. This branch will include a typical bank interior branch experience as well as interior ATM(s) and drive-thru ATM(s) / teller lines.
Bar Harbor Bank & Trust is a community bank offering a full range of financial services for individuals, families, businesses, and non-profit organizations. This company currently operates over 50 locations across Maine, New Hampshire and Vermont. Summit Realty Partners, Inc. represented the Landlord in this transaction and Richard Pilla of Paramount Partners, LLC represented the tenant.
Hannaford Plaza is a 102,824 +/- square foot multi-tenant shopping center located at the intersection of Kilton Road and South River Road. This property is anchored by Hannaford Supermarket and HomeGoods. Neighboring tenants include Kohl’s, Whole Foods, Marshalls, Trader Joe’s, Starbucks, Chipotle, CVS and more.
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 former Dunkin’ building in Pepperell, MA to a franchisee of Domino’s
Pepperell, MA, December 14, 2020: Summit Realty Partners is pleased to announce the sale of 116-118 Main Street in Pepperell, MA for $600,000.
116-118 Main Street is a 2,092 +/- free standing restaurant building with drive-thru situated on a 0.39 +/- acre parcel of land. Formally occupied by Dunkin, this freestanding building was purchased by a franchisee of Dominos. This well-known restaurant brand is expected to open at this location in early to mid-2021. Summit Realty Partners represented the seller, 112-118 Main Street, LLC.
Additionally, Chris McMahon and Travis Ginsberg of Summit Realty Partners are now representing a franchisee of Dominos that is actively looking to expand their footprint in Massachusetts, New Hampshire, and Vermont. We are seeking sites that are 1,200 to 3,000 +/- SF and will consider pad sites, endcaps, existing buildings and build to suits. Sites with drive-thru potential and purchase opportunities are preferred.
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 Chris McMahon at 781.862.9700 / cjm@sumrp.com. We look forward to hearing from you.
Summit Realty Partners is pleased to announce that Crumbl Cookies has signed a lease in Methuen, MA
Methuen, MA: October 28, 2020 : Summit Realty Partners is pleased to announce that Crumbl Cookies has signed a lease and opened a new store at The Loop in Methuen, MA. Crumbl Cookies leased a 1,776 +/- square end-cap space formerly occupied by Starbucks prior to Starbucks relocating to a freestanding building in the same shopping center. The Loop is a 480,000 +/- sf open-air regional shopping center located at Exit 4 off Route 213 between I-493 and I-93. This center features a unique mix of individual storefronts and a pedestrian friendly streetscape. Tenants located in this center include AMC Theatres, Gap, Marshalls, Starbucks, Not Your Average Joes, Chipotle, Orangetheory Fitness and more. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the tenant. Charter Realty & Development represented the landlord.
Crumbl Cookies is currently seeking additional locations in select markets of Massachusetts and New Hampshire. Site criteria includes high traffic shopping centers and strip centers. Size requirements include 1,800 to 2,200 +/- SF with 20’ minimum frontage.
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 and leasing opportunities visit www.summitrealtypartners.com or call 781-862-9700.
Summit Realty Partners leases 7,496 +/- SF to Anytime Fitness in Exeter, NH
Exeter, NH: September 10, 2020 – September 10, 2020: Summit Realty Partners, Inc. is pleased to announce a recent lease agreement on behalf of REL Commons, a Portsmouth, NH based shopping center owner.
A franchisee of Anytime Fitness has executed a 7,496 +/- sf lease at Exeter Commons Shopping Center with plans to open a 24-hour/7 days-a-week fitness studio offering self-directed training, personal training/coaching, and group training classes. Their classes incorporate both weight and cardio training methods. Exeter Commons is a well-known neighborhood shopping center located at the lighted intersection of Portsmouth Avenue and Alumni Drive in Exeter, NH. Anytime Fitness is taking over a former Advance Auto Parts and joins several existing businesses at the center including Margaritas Mexican Restaurant, Ohana Kitchen, Rite Aid, Dollar Tree, Friendly Pets and On The Vine Market. Additional space is available for lease which includes 2,387 +/- SF former restaurant space with a full kitchen and a 5,286 +/- SF retail space.
Chris McMahon of Summit Realty Partners, Inc. represented the landlord, REL Commons, LLC in this transaction. Brian Nadler represented the franchisee of Anytime Fitness.
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 and leasing opportunities visit www.summitrealtypartners.com or call 781-862-9700.
Summit Realty Partners leases 6,635 +/- SF restaurant at Village Mall Shopping Center in Methuen, MA
Metheun, MA: September 08, 2020 – Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with a restaurant at Village Mall Shopping Center in Methuen, MA. Summit Realty Partners leased a 6,635 +/- square foot former Fuddruckers Restaurant to Ellie’s Farmhouse Restaurant scheduled to open the week of September 7th. Ellie’s Farmhouse Restaurant is a breakfast and lunch restaurant concept dedicated to providing full service and takeout options. Chris McMahon and Travis Ginsberg represented the Landlord, Village Mall Inc., in this transaction.
The Village Mall Shopping Center is a premier 92,646 +/- square foot shopping center located within a heavily traveled retail corridor in the community of Methuen, MA. The center is anchored by a diverse tenant mix including Jo-Ann Fabrics, Workout World, Dollar Tree and more. Located at a fully lighted intersection, the Village Mall sees over 50,000 +/- vehicles per day making it a highly desirable area for national and local retailers. There are two remaining spaces available for lease at the shopping center which are 1,302 +/- sf and 3,913 +/- sf. These spaces can also be combined totaling 5,215 +/- sf.
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 Chris McMahon at 781.862.9700 /cjm@sumrp.com. We look forward to hearing from you.
Summit Realty Partners, Inc. is pleased to announce new leasing activity in Danvers, MA
Danvers, MA: August 26, 2020 -Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction at 151 Andover Street in Danvers, MA. Summit Realty Partners leased 7,981 +/- sf to Today’s Collision Express, which is now open. Today’s Collision Express is an innovative approach to car repair and is designed for a quick turn-around of smaller repairs to limit the time without your vehicle. Chris McMahon and Travis Ginsberg represented the Landlord, 61 Mooney Street, LLC in this 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 Chris McMahon at 781.862.9700 /cjm@sumrp.com. We look forward to hearing from you.
Summit Realty Partners, Inc. is pleased to announce new leasing activity in Acton, MA
Acton, MA: July 15, 2020 – Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction at Nagog Mall Shopping Center in Acton MA. Summit Realty Partners leased a 3,600 +/- square foot restaurant space to As Good As It Gets Café, a family owned café serving homestyle breakfast and lunch eats. This will be the Cafés third location with existing locations in Wilmington, MA and Norwood, MA. Chris McMahon and Travis Ginsberg represented the Landlord, KVA Nagog LLC in the transaction.
Nagog Mall Shopping Center is a 58,197 +/- square foot neighborhood shopping center located along the heavily traveled Route 2A. Nagog Mall is centrally located in the Acton trade area and features well established tenants such as Red Raven Gastropub, Huntington Learning Center, Dollar Tree and Anytime Fitness. Located at a lighted intersection, Nagog Mall sees over 15,797 +/- vehicles per day making it a desirable area for national and local retailers.
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 Chris McMahon at 781.862.9700 /cjm@sumrp.com. We look forward to hearing from you.
Summit Realty Partners, Inc. is pleased to announce new leasing activity in Gilford, NH
Gilford, NH: May 12, 2020 – Summit Realty Partners, Inc. is pleased to announce the completion of two new lease transactions at Airport Commons Shopping Center in Gilford, NH. A new lease was executed with Tractor Supply Company for a 21,553 +/- sf retail store scheduled to open later this year. The tenant was represented by New England Retail Properties. Additionally, a new lease was executed with Coldwell Banker for a 2,886 +/- sf retail real estate office also scheduled to open this year. The tenant was represented by Joe Robinson of NAI Norwood Group. Chris McMahon and Travis Ginsberg represented the Landlord, Gilford Airport Plaza LLC, in both transactions.
Airport Commons is a 62,000 +/- square foot recently renovated retail shopping center situated on ten acres of land in Gilford, NH. This property is prominently located at the northern terminus of the Laconia / Gilford Bypass which offers strong visibility and market penetration in this busy retail corridor. These two new tenants will join Gilford Cinema 8 to drive significant traffic to the center. Summit Realty Partners is actively seeking tenants to lease the remaining retail space. There is up to 14,389 +/- sf of space available in addition to two proposed pad sites.
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 Chris McMahon at 781.862.9700 /cjm@sumrp.com. We look forward to hearing from you.