NEWS & RECENT TRANSACTIONS
Summit Realty Partners, Inc. leases 3,000 +/- SF to Mr. Mac’s in Westford, MA
Westford, MA: May 15, 2019: Summit Realty Partners is pleased to announce that Mr. Mac’s Gourmet Macaroni and Cheese Restaurant has signed a lease in Westford, MA to open its 4th location. Mr. Mac’s leased a 3,000 +/- square foot end-cap space formerly occupied by D’Angelo at Westford Plaza which is a 40,000 +/- sf shopping center located on Littleton Road in close proximity to I-495. Nearby establishments include Whole Foods, Starbucks, Market Basket, Chipotle and much more. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the tenant in the transaction.
Mr. Mac’s is a fast-casual restaurant serving made to order varieties of the classic comfort food macaroni & cheese. Offering take-in or dine-out as well as gluten-free and vegetarian choices, Mr. Mac’s appeal to many types of diners. Mr. Mac’s is currently seeking additional locations in densely populated markets throughout New England. The average store is approximately 2,500-3,500 +/- square feet and co-tenants are typically supermarkets, movie theatres, national coffee shops and other high-volume 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. signs new lease with Town Fair Tire at the recently renovated Spaulding Commons in Rochester, NH
Rochester, NH: May 15, 2019: Summit Realty Partners is pleased to announce that Town Fair Tire has signed a lease to open a new retail location at the recently renovated Spaulding Commons Shopping Center in Rochester, NH. Town Fair Tire leased an 8,232 +/-square foot endcap at the 42,000 square foot community shopping center. With over 95 stores located throughout New England, Town Fair Tire is one of today’s leading tire retailers for cars, trucks and SUV’s. Chris McMahon of Summit Realty Partners represented the landlord and Northeast Retail represented the tenant in this transaction.
Town Fair Tire joins Spaulding Commons alongside other notable tenants such as Planet Fitness, Sun Tan City, Rent-A-Center, Little Caesars Pizza and H&R Block. This well located center is situated in North Rochester between exits 14 and 15 on The Spaulding Turnpike (Rt. 16) near Hannaford Supermarket, Home Depot, Dunkin Donuts, CVS Pharmacy and more. 2,000 to 7,000 square feet remains available for lease.
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. brokers 0.54 +/- acre land lease to Harbor One Bank
Stoughton, MA: April 3, 2019: Summit Realty Partners, Inc. is pleased to announce the completion of a 0.54 +/- sf land lease with Harbor One Bank at 470 Washington Street in Stoughton, MA.
Harbor One Bank entered into a long-term land lease for the previously undeveloped land at the corner of Washington Street (Route 138) and Phillips Avenue. The bank then proceeded to permit and develop a state-of-the-art 2,100 +/- sf retail bank branch with double drive thru. Harbor One Bank opened this new location on March 4, 2019, which marks the banks 25th location. 470 Washington Street is a corner lot located on heavily traveled Route 138 at the center of the busy Stoughton retail corridor. Neighboring national retailers include Stop & Shop, Price Rite, Advanced Auto, Dollar Tree, CVS and more. The surrounding area is densely population with over 140,000 people living within a five-mile radius. 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. executes multiple shopping center leases to kick off 2019
Lexington, MA February 13, 2019- Summit Realty Partners, Inc. is experiencing a favorable retail leasing environment with several new shopping center lease transactions with service, financial and fitness tenants at the start of the New Year.
Newburyport Five Cents Savings Bank signed a lease for a new branch at Hannaford Supermarket Plaza in Exeter, NH. Their newest location will open early spring 2019 and will feature 2,486 square feet of space. This bank was founded in 1854 and currently has nine locations in both Massachusetts and New Hampshire, and over $860 million in assets.
SPENGA, a popular fitness concept that combines spin, strength training and yoga signed a lease for a new location at 493-495 Amherst Street in Nashua, NH. This 3,672 square foot facility will offer 60 minute sessions that boost endurance, strengthen muscles and restore the body through a combination of spin, HITT training and yoga. Todd Alexander of Newmark Knight Frank represented the tenant.
SportClips, a national haircut franchise that primarily caters to men and boys signed a lease for a new location at Northgate Plaza in Portland, ME. This 1,700 square foot location will feature SportClips nationally recognized interior and will fill a void in the shopping center for men’s haircuts. Seth Lerner of Lerner Real Estate represented the Tenant.
Excel Dental, a multi-unit General Dentist practice has signed a lease at 49 Jackson Street in Methuen, MA. Their newest location will be 1,649 square feet and is set to open in fourth quarter of 2019. This will be the 3rd location for Excel Dental, with existing practices in Lowell, MA and Billerica, MA.
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 leases with Coldwell Banker and Arts Wayland in Wayland, MA
Wayland, MA February 12, 2019- Summit Realty Partners, Inc. is pleased to announce new leasing activity at Wayland Town Center. In addition to the recent news of the popular Italian eatery Giacomo’s Ristorante opening at Wayland Town Center, new leases have recently been signed with Coldwell Banker and Arts Wayland.
Coldwell Banker has leased a 2,000 +/- square foot space for the relocation of their Wayland real estate office. The real estate office will be located between Ace Hardware and MedPost Urgent Care on Andrew Ave. Coldwell Banker is a premier residential brokerage company in the Metro West area with a long history in the Wayland community.
Arts Wayland has opened it exciting new venture at Wayland Town Center. Arts Wayland whose mission is ‘to promote creative expression; inspire, motivate and support artists of all mediums to enrich our community’ has brought an art gallery to the Wayland Town Center. Coined @ the W Gallery this art gallery features a variety of art pieces from various local artists as well as paint nights and other art related activities for the community. Arts Wayland is located at the corner of Andrew Ave and Elissa Ave.
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, Giacomo’s Ristorante, Takara Japanese Restaurant, Panera Bread, Jos A. Bank, Elements Massage and AT&T. Summit Realty Partners, Inc. is the exclusive leasing agent for Wayland Town Center.
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 26,000 +/- SF to Altitude Trampoline Park in Franklin, MA
Franklin, MA December 10, 2018- Summit Realty Partners is pleased to announce a recent lease signing on behalf of Franklin Shoppers Fair, Inc. a Massachusetts based shopping center landlord. Chris McMahon and Travis Ginsberg represented the landlord in the transaction.
Altitude Trampoline Park has executed a 26,000 +/- sf lease at the Horace Mann Plaza shopping center located in Franklin, MA. Altitude is an indoor trampoline park that offers high-energy and exciting entertainment activities for individuals of all ages. Locations include a variety of equipment such as trampolines, foam pits, rock-climbing walls and more. Altitude will join several existing businesses at Horace Mann Plaza including Shaw’s Supermarket, Aubuchon Hardware, Kumon and more.
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. Horace Mann Plaza is strategically situated on one of Franklin’s major thoroughfares featuring traffic counts of over 20,000 +/- vehicles per day. This site also boasts light controlled access, ample parking and excellent visibility with approximately 1,300 feet of frontage. 2,736 to 26,000 +/- sf remains available for lease.
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 2,476 +/- SF to BurgerIM in Burlington, MA
Burlington, MA November 16, 2018- Summit Realty Partners, Inc. is pleased to announce the completion of a new lease at Middlesex Marketplace Shopping Center in Burlington, Massachusetts, bringing the 38,243 +/- square foot shopping center to 100% occupancy. A new lease was executed with BurgerIM, an international fast casual gourmet burger concept.
BurgerIM, which translates to “many burgers” in Hebrew, provides customers with a unique dining experience allowing them to choose from a variety of gourmet patties and customization featuring a wide selection of buns, signature sauces and toppings. BurgerIM also serves additional items on their menu including wings and salads.
Middlesex Marketplace is a premier shopping center located in Burlington, MA one of suburban Boston’s most vibrant and amenity-rich markets. Located directly off Interstate 95 (Route 128), Middlesex Marketplace has prominent monument signage and consistent daily traffic. This property is anchored by Del Frisco’s Grille and features national tenants including Bassett, Sleep Number, A&T and Qdoba. In addition, this property benefits from retail synergies from various retail establishments located nearby in the main retail corridor of Burlington, MA. Summit Realty Partners represented the Landlord in the transaction mentioned herein.
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. represents health and wellness tenants in their expansion across New England
Lexington, MA November 16, 2018- Summit Realty Partners, Inc. is pleased to announce several recent leases with active health and wellness tenants seeking retail space for expansion throughout New England.
Orangetheory Fitness recently opened a new location at the Maine Mall in South Portland, ME. Orangetheory is a science-backed, group fitness concept that is an ideal tenant for many retail centers. Orangetheory looks for 2,800 to 3,200 sf in lifestyle, grocery anchored and prominent strip centers. This tenant is actively seeking expansion through Summit’s representation in New Hampshire, Maine and Vermont.
Modern Acupuncture recently opened their first location in Massachusetts at University Station in Westwood, MA. Modern Acupuncture brings a new and vibrant brand to the area that bodes well with today’s consumer looking to live a healthy lifestyle. Acupuncture is known to provide relaxation, improve sleep, enhance focus and reduce muscle tension among other things. This tenant typically seeks spaces from 1,100 to 1,500 sf in lifestyle, grocery anchored and strip centers. Modern Acupuncture is actively seeking expansion through Summit’s representation in Massachusetts and Rhode Island.
A franchisee of Planet Fitness recently executed a lease for a 16,000 +/- sf club at Royal Square Shopping Center in Brattleboro, VT. This concept, known as the ‘judgement free zone’, provides a positive gym experience for its customers. Planet Fitness typically looks for 12,000 to 18,000 sf at freestanding locations, grocery anchored and strip centers. Planet Fitness is seeking sites in select markets in Vermont via Summit Realty Partners.
Summit Realty Partners encourages the submission of sites for any of the tenants mentioned. It would be best to submit sites via email to Chris McMahon at cjm@sumrp.com. For a full list of tenants we represent, as well as their site criteria please visit the ‘tenant representation’ section of our website at www.summitrealtypartners.com.
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 leases 3,259 +/- SF to Giacomo’s in Wayland, MA
Wayland, MA September 26, 2018- Summit Realty Partners, Inc. is pleased to announce that one of the most popular restaurants in Boston, Giacomo’s Ristorante, has signed a lease to open a new restaurant at Wayland Town Center in Wayland, MA.
Giacomo’s, a well-known eatery with locations in Boston’s North End, South End and Melrose, is opening its fourth location at Wayland Town Center. This family friendly Boston favorite is known for its ample portions of classic Italian-American and seafood dishes.
Giacomo’s has leased the 3,259 square foot former Bertucci’s Restaurant space, located at 14 Elissa Avenue. This restaurant, which has been deemed worthy of long lines will now have a second suburban location estimated to open before the end of 2018. Giacomo’s in Wayland will be the first Giacomo’s to offer pizza and will feature a full-service bar serving cocktails, beer and an extensive wine list.
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, Panera Bread, Jos A. Bank, Elements Massage and Verizon Wireless. Summit Realty Partners, Inc. is the exclusive leasing agent for Wayland Town Center.
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 sells 19,251+/- SF investment property in Acton, MA for $1,600,000.00
Acton MA, June 4, 2018: Summit Realty Partners is pleased to announce the sale of a 19,251 +/- square foot investment property located at 481 Great Road in Acton, MA for $1,600,000.
This mixed-use investment property is situated on 1.71 +/- acres of land at the corner of Great Road (State Road 2A) and Nonset Path. The property includes 8 retail units on the first floor and 20 +/- small office suites on the second floor. The investment also features two additional smaller buildings, which include retail shops and garage bays. Acton MA is a suburban community located approximately 25 miles northwest of Boston and inside the Route 495 belt along State Route 2A. The site boasts ample parking as well as great visibility and access.
Frank Normandin and Chris McMahon of Summit Realty Partners represented the seller, 481 Great Road Associates Inc., and Kim Comeau of Barrett Sotheby’s International Realty procured the buyer for the sale of the property.
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.