NEWS & RECENT TRANSACTIONS
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.
Summit Realty Partners sells 0.98 +/- acre retail pad in Easton, MA for $365,000.00
MAY 7, 2018, EASTON, MA: Summit Realty Partners is pleased to announce the sale of a 0.98 +/- acre retail pad site located at 33 Robert Drive in Easton, MA for $365,000.00. This 0.98 +/- acre pad site is located adjacent to Target, a brand new AvalonBay community, and Highlands Plaza. Highlands Plaza is anchored by Big Y, TJ Maxx and other established retailers such as Mattress Firm, Supercuts and Petsense. Easton MA is a suburban community located approximately 29 miles south of downtown Boston. The site boasts easy accessibility via the lighted intersection at Roberts Drive, which also conveniently serves as the only entrance to the Target, Highland’s Plaza and 228-unit AvalonBay community.
A second retail pad site is still available for sale or lease at 49 Robert Drive. This retail pad site is 2.05 +/- acres and has the potential to accommodate up to a 6,300 +/- sf restaurant with 87 parking spaces. The site is offered with rights to pylon signage on Route 106.
Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the seller Highlands Station LLC, an entity controlled by Phillips Edison & Company, and procured the buyer for the sale of the property.
Boasting 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 8,179 +/- SF to new tenants in Lexington, MA
March 16, 2018, Lexington, MA: Summit Realty Partners is pleased to announce the recent execution of multiple lease transactions totaling 8,179 +/- sf at 19 Muzzey Street, located off of Massachusetts Ave in the heart of Lexington’s historic downtown. Chris McMahon and Gabrielle O’Brien of Summit Realty Partners represented the property owner, Mar Turtle Bay LLC, in these transactions.
Partner Therapeutics, Inc., a biotech company, leased a total of 4,938 +/- square feet taking the entire first floor of the building. Partner Therapeutics was represented by Jordan Yarboro of JLL.
One the second floor, Neptune Web, Inc., a full-service digital marketing agency, leased 1,773 +/- sf and the Law Office of Patricia S. Nelson and Barbara D. Jackins leased 858 +/- sf. Lester Savage of Century 21 Commonwealth represented the Law Office. Several small office suites have also been leased on the third floor.
These recent lease transactions at 19 Muzzey Street demonstrate strong interest from a variety of businesses to be close to the center of Lexington to enjoy the convenience of a variety of amenities including restaurants, coffee shops, and retail stores.
Summit Realty Partners is currently marketing the last remaining 307 to 3,863 +/- sf available at 19 Muzzey Street.
Boasting over 25 years of experience, Summit Realty Partners 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 provides tenant representation for Gen Sou En Tea House’s 5,500 +/- SF lease at Coolidge Corner in Brookline, MA
BROOKLINE, MA: October 19, 2017: Summit Realty Partners is pleased to announce the completion of a recent lease transaction with a modern Japanese tea house in Brookline. Gen Sou En Tea House signed a lease for a 5,500 +/- sf restaurant space, which is currently under construction and scheduled to open in early 2018.
This 125-seat tea house located on Harvard Street in Coolidge Corner, will offer guests a traditional Japanese tea experience blended with contemporary food pairings for breakfast, lunch, light dinner and dessert, as well as sake, wine and beer in the evening.
The tea house will feature premium Japanese green tea, in addition to black tea, matcha beverages, coffee brewed from beans roasted in Vermont and locally made sake. Guests will be able to choose from three signature green tea blends: umami (round and savory), kokumi (deep and full bodied) and shibumi (sharp and intense), all prepared at the exact temperature and brewing time needed to extract the full flavor of each leaf.
Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the tenant, Harada Tea & Foods, Inc. d/b/a Gen Sou En.
Summit Realty Partners is currently involved in representing a variety of tenants looking to expand their businesses in and around the New England area. More information about our tenant representation services can be found at www.summitrealtypartners.com or by calling 781.862.9700.
About Gen Sou En Tea House
Gen Sou En Tea House is bringing 100 years of tradition to Brookline with its new, modern Japanese tea house. The concept combines traditional green tea preparation with contemporary food pairings, and blends Japanese culture with local sourcing and community. In addition to a full array of tea and coffee, Gen Sou En will serve breakfast, lunch, light dinner and dessert, plus sake, wine and beer during evening hours. Located in the heart of Coolidge Corner, Gen Sou En plans to open in early 2018. Learn more at gensouenteahouse.com and follow Gen Sou En on Facebook @GenSouEn and Instagram @gensouen_teahouse.
Summit Realty Partners leases 6,045 +/- SF to new tenants in Stoughton, MA
Stoughton, MA, September 26, 2017- Summit Realty Partners, Inc. is pleased to announce the completion of two recent lease signings at Super Stop & Shop Plaza in Stoughton, Massachusetts, bringing the 79,300 +/- square foot shopping center to 100% occupancy. New leases were executed with Envy Nails & Spa, a local concept with multiple locations and Dogtopia, a national franchise. Envy Nails & Spa leased 3,001 SF while Dogtopia leased 3,044 SF. Each of these tenants bring a unique brand and concept to the well-located shopping center on the heavily traveled Route 138.
The Super Stop & Shop Plaza is located less than 20 miles from downtown Boston and sits in a densely populated community with nearly 130,000 people. Other convenience type retailers located in this center include Bank of America, Fantastic Sams, and Andrade’s Liquors. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the Landlord, Stoughton MZL LLC, in the transactions mentioned herein.
Boasting over 25 years of experience, Summit Realty Partners 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.