NEWS & RECENT TRANSACTIONS
Summit Realty Partners, Inc. is pleased to announce new leasing activity in Nashua, NH
Nashua, NH: February 19, 2020 – Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction at 443 Amherst Street in Nashua, NH.
Dollar Tree Stores, Inc. has signed a lease for a 8,125 +/- sf free standing retail store scheduled to open in Spring/Summer 2020. The tenant was represented by Jay Wise of WRE Brokers. Chris McMahon and Travis Ginsberg represented the Landlord in this transaction.
This property is prominently located in a strong retail corridor which features traffic counts of 38,000 +/- VPD via Amherst Street. The building features a shared entrance with FedEx Office, highly visible pylon signage and ample parking. Nearby retailers include Market Basket, PetSmart, Target, Walgreens, Aldi 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 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 Merrimack, NH
Merrimack, NH: January 15, 2020 -Summit Realty Partners, Inc. is pleased to announce its involvement in a successful lease transaction with Karma Nails Lounge which will open soon in Merrimack, NH. Karma Nails Lounge has leased an 1,810 +/- sf retail space at 17-19 Premium Outlets Boulevard at the entrance to the Merrimack Premium Outlets.
Karma Nails Lounge will be located between Starbucks and Qdoba. Additional nearby retail includes the Merrimack Premium Outlets. These outlets are a large regional destination with over 100 stores which draws customers from all over New England. Karma Nails Lounge will offer traditional manicure and pedicure services in a relaxed and luxurious setting. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the Landlord 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 at Wayland Town Center
Wayland, MA: January 03, 2020 – Summit Realty Partners, Inc. is pleased to announce new leasing activity at Wayland Town Center. A new lease has been executed with The Bagel Table, a local multi-unit café concept offering freshly made bagels with a variety of more than 14 flavors and an array of cream cheeses and fixings. The Bagel Table offers bagels, bagel sandwiches, salads, artisan sandwiches, and non-alcoholic beverages.
The Bagel Table has leased a 3,900 square foot space located at the entrance to Wayland Town Center. The café which prides itself on locally sourced fresh ingredients, will replace Panera Bread. The Bagel Table originated in local Farmers Markets and has been serving the Greater Boston and MetroWest areas for some time. Since 2014, customers have attended local markets to buy their bagels and consistently requested they open a brick and mortar location where customers could get their product anytime. The Bagel Table’s first store opened at The Street in Chestnut Hill in 2017. The Bagel Table will now have locations in Ashland, Brighton, Chestnut Hill, and Wayland MA.
In addition to the café, The Bagel Table will feature an additional concept known as “The Gathering Gallery”. The Gathering Gallery will be a space for customers and individuals in the community to meet for a variety of uses. This gallery will be open and available for use by customers during hours of operation and can also be reserved for workshops and even personal events such as bridal showers, luncheons etc. The Gathering Gallery prides itself on being a place where people can ‘gather’ to chat, relax and interact with others while forming a sense of community in Wayland, MA.
Wayland Town Center is a 175,000 sf grocery anchored, mixed-use development catering to the residential communities of Wayland, Weston, Sudbury and others. Notable tenants include Stop & Shop, Boston Sports Clubs, X-Golf, The Local Restaurant, Takara Japanese Restaurant, Giacomo’s Restaurant, Femiluxe, Lauren Craig Salon and Elements Massage.
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 three new lease signings with Tropical Smoothie Café
Lexington, MA: December 30, 2019 – Summit Realty Partners, Inc. is pleased to announce its involvement in successful lease negotiations for three new Tropical Smoothie Café locations. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the tenant in these transactions.
A franchisee of Tropical Smoothie Café has leased a 2,301 +/- sf retail location at the 145k sf Swampscott Mall in Swampscott, MA. This Tropical Smoothie Café location is now open for business. A franchisee of Tropical Smoothie Café has leased a 1,675 +/- square foot retail location at 43 Drum Hill Road in Chelmsford, MA. A franchisee of Tropical Smoothie Café has leased a 1,992 +/- square foot retail location at Ledgeview Way in Wrentham, MA.
Tropical Smoothie Café is a fast-casual restaurant concept that serves smoothies, wraps, salads, sandwiches, flatbreads and more in a casual, comfortable setting. Each location offers a wide menu variety. Tropical Smoothie Café has roughly 861 smoothie café locations in 45 different states.
Tropical Smoothie Café is seeking additional locations in Massachusetts, New Hampshire, and Rhode Island. The average store is 1,400 to 2,000 sf and co-tenants are typically supermarkets, retailers and other fast casual operators. Tropical Smoothie Café will look at free standing locations, end caps and in-line spaces. Drive thru is a plus.
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.
Nineteen Property Exchange Completed
Lexington, MA: November 7, 2019 – Frank Normandin of Summit Realty Partners, Inc. working in conjunction with Josh Kanter and Glen Kunofsky of Marcus Millichap / NNN Pro Group, has successfully completed four separate tax-free exchanges totaling more than $75MM in acquisitions on behalf of a family trust in 2019.
New York City multifamily residential has been exchanged for 19 single tenant net leased diversified assets in 9 US States (VT, NH, CT, MD, VA, NC, GA, FL and AZ).
Tenants include Walmart Neighborhood Market; Dollar General; CVS Pharmacy; TD Bank; Sun Trust Bank; Hospital Corporation of America; DaVita Health Care; Wendy’s; Panera Bread; 7 Eleven; O’Reilly Auto Parts; and Planet Fitness.
Summit’s affiliate, Winslow Property Management will be the property manager for the portfolio.
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 brings retail center on Amherst Street in Nashua, NH to 100% occupancy
Nashua, NH: October 7, 2019 – Summit Realty Partners, Inc. is pleased to announce that 493-495 Amherst Street in Nashua, NH has reached full occupancy. This 32,013 sf retail strip center situated on 3.89 acres is located at the lighted intersection of Amherst Street (101A) and Thornton Road. This center features a diverse tenant mix including restaurants, banking, fitness and daily needs.
Summit has executed four leases in the last twelve months totaling over 12,000 square feet of retail space. These tenants include SPENGA, K’sone’s Thai Dining & Lounge, Kung Fu Tea and Avian & Sage Salon. Both Kung Fu Tea and Avian & Sage Salon are currently under construction and expect to be open for business soon.
Kung Fu Tea is a globally recognized bubble-tea cafe with over 180 locations through the United States, Canada, Australia and Vietnam. There are currently two Kung Fu Tea locations in New Hampshire; 655 South Willow Street, Manchester, NH and 493-495 Amherst Street, Nashua, NH. Summit was involved in both of these transactions.
Avian & Sage Salon is a locally owned and operated salon whose services will include hair cutting, styling, coloring, spray tanning, eyelash extensions, eyebrow threading, waxing, makeup application and microblading.
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. leases 2,400 +/- SF to Clear Choice MD
Tilton, NH: August 8, 2019: Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with Clear Choice MD Urgent Care who plans to construct a 2,400 +/- sf building on a pad site at Tilton Plaza. Clear Choice MD joins the shopping centers existing tenants: Hobby Lobby, Staples, U.S. Cellular and Applebee’s. Nearby businesses include the Tanger Outlets, BJ’s, Market Basket, Kohl’s, Home Depot and many other well-known retail businesses. Chris McMahon of Summit Realty Partners, Inc. represented the landlord, A&D Tilton Properties, 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. sells 56,000 +/- SF property
Bourne, MA: August 8, 2019: Summit Realty Partners, Inc. is pleased to announce the recent sale of Monument Beach Marketplace in Bourne, MA. The 56,000 +/- square foot property on 16.18 +/- acres sold for $4,800,000. The seller, Claybourne Trust sold the property to Bourne Property Management, LLC, an affiliate of Brady Sullivan Properties. Frank Normandin, Chris McMahon and Travis Ginsberg from Summit Realty Partners brokered the sale. The new owner of the property is proposing 105,660 +/- sf of indoor climate control self-storage and 35,600 +/- sf of non-climate controlled self-storage for a total of 141,260 +/- sf of self-storage.
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 at Wayland Town Center
Wayland, MA: July 24, 2019: Summit Realty Partners, Inc. is pleased to announce new leasing activity at Wayland Town Center. A new lease has been executed with X-Golf, an indoor golf entertainment concept. In addition, Femiluxe, a popular nail bar and current tenant at Wayland Town Center has signed a lease to expand their space to meet the needs of their growing and successful business at the center.
X-Golf has leased a 4,639 square foot space located next to Ace Hardware on Andrew Ave. X-Golf, which was founded in 2005 and is currently expanding across the U.S., is an indoor golf entertainment concept which provides a unique experience for all customers, not only golf enthusiasts. The new X-Golf location at the Wayland Town Center will also feature food and beverage.
Femiluxe nail bar has signed a lease to expand their current salon space. This family owned and operated salon has been a strong tenant at Wayland Town Center and we are excited to announce their expansion. Femiluxe offers a variety of services such as manicures, pedicures and waxing. Their new space will total 1,820 square feet.
We are also pleased to announce that Wayland Town Center is getting a website. This will serve as a great platform for residents, customers, and those interested in learning more about events and shopping at Wayland Town Center. www.thewaylandtowncenter.com
Wayland Town Center is a 175,000 sf grocery anchored, mixed-use development catering to the residential communities of Wayland, Weston, Sudbury and others. Notable tenants include Stop & Shop Supermarket, Boston Sports Clubs, The Local Restaurant, Takara Japanese Restaurant, Giacomo’s Restaurant, AT&T and Elements Massage.
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. signs new lease with HotWorx in Bedford, NH
Bedford, NH: June 20, 2019: HotWorx, an infrared fitness studio has signed a lease for a 2,019 +/- SF location at Hannaford Plaza in Bedford, NH. While HotWorx features various existing locations, this will be their first location in New England. This virtually instructed exercise program allows users to experience the benefits of infrared heat absorption while also completing a 30-minute isometric workout or a 15-minute high intensity interval training session. Summit Realty Partners, Inc. represented the Landlord in this transaction and Matthew Giokas of Paramount Partners 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. This center is now 100% leased.
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.