NEWS & RECENT TRANSACTIONS
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.
Summit Realty Partners leases 55,089 +/- SF to Hobby Lobby
TILTON, NH, September 26, 2017 – Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with an retail arts and crafts store, Hobby Lobby. The retail store, which prides itself on ‘super savings and super selections’ opened for business in September. Hobby Lobby joins the shopping centers existing tenants: Staples, U.S. Cellular and Applebee’s. Nearby businesses include the Tanger Outlets, BJ’s, Market Basket, Kohls, Home Depot and many other well-known retail businesses.
Tilton Plaza is an 89,888 +/- square foot shopping center located on Laconia Road. Situated in the center of Tilton NH, this center is highly visible with heavy vehicular traffic counts of nearly 25,000 +/- VPD. This center is located 35 miles north of Manchester, NH and attracts shoppers from throughout the Lakes Region and central part of New Hampshire.
Summit Realty Partners represented the landlord, A&D Tilton Properties, LLC and CBRE represented the tenant in the Hobby Lobby lease transaction. Summit is marketing a 2,400 +/- SF proposed pad in the Hobby Lobby parking lot as available for lease.
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 leases 14,232 sf at Nagog Mall in Acton, MA
Acton, Massachusetts, August 9, 2017: Summit Realty Partners, Inc. is pleased to announce the completion of three new lease transactions at the Nagog Mall Shopping Center in Acton MA. Summit Realty Partners leased a 7,832 +/- square foot space to national retail tenant Dollar Tree, which is now open. Villa Mexicana, a Mexican Restaurant, leased 3,400 sf at the shopping center providing an additional authentic cuisine, scratch kitchen dining option to area residents. Villa Mexicana is expected to open in August. Lastly, 3,000 sf was leased to ACP Medical Equipment, which is now open. Chris McMahon and Travis Ginsberg represented the Landlord, KVA Nagog LLC in the transactions.
Nagog Mall Shopping Center is a quality 58,197 +/- square foot neighborhood shopping center located along the heavily traveled Route 2A (Great Road). Nagog Mall is centrally located in the Acton trade area and features well established tenants such as Red Raven Gastropub, Huntington Learning Center and Anytime Fitness. Located at a lighted intersection, Nagog Mall sees over 15,797 +/- vehicles per day making it a highly desirable area for national and local retailers.
There is only one space left for lease at the shopping center, which is a 2,625 sf (2 story) former bank space.
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 represents Orange Theory Fitness on several new leases including Bedford, NH
Summit Realty Partners is pleased to announce the completion of several lease transactions on behalf of its client, Orange Theory Fitness. As one of the fastest growing fitness franchise concepts in the US, Orange Theory Fitness provides specialized group personal training sessions using heart-rate monitored, high-intensity workout interval training based on science.
The first transaction was on behalf of Cosmia LLC, a franchisee of OTF, which leased 2,800 square feet at Goffe Mill Plaza on South River Road in Bedford, NH. Orange Theory Fitness will join the shopping centers diverse mix of tenants including Whole Foods Market, FedEx Office and The Provident Bank. The new location will give Orange Theory Fitness a prominent position in one of New Hampshire’s most desirable and active retail corridors.
Summit Realty Partners has also represented Orange Theory Fitness in several other transactions recently throughout Northern New England including leases in Salem, NH; Portsmouth, NH; Nashua, NH; and Portland, ME.
Chris McMahon of Summit Realty Partners represented the tenant in these transactions and continues to seek additional space for the expansion of Orange Theory Fitness in northern New England.
More information can be found at www.summitrealtypartners.com or by calling Chris McMahon at 781.862.9700 x225.
Summit Realty Partners leases 2,400 +/- SF to For Eyes in Saugus, MA
Saugus, Massachusetts, June 12th 2017 – Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with For Eyes Optical at 600 Broadway (Route 1) in Saugus, MA. For Eyes signed a lease for a 2,400 +/- sf retail space, which is scheduled to open in 2017. Chris McMahon of Summit Realty Partners represented the Landlord, Saugus MZL LLC and Matt Giokas of Paramount Partners represented the Tenant in the transaction.
Currently leased to FedEx Office, For Eyes and Mattress Firm, 600 Broadway is an 11,500 +/- square foot retail strip center conveniently located on the heavily traveled Route 1, which experiences traffic counts of nearly 107,500 +/- VPD. This highly visible property is located in the center of Saugus’s super regional retail corridor in front of Home Depot and in close proximity to a new Super Wal-Mart and the Square One Mall. For Eyes is a nationwide company which features eye wear with fair pricing and high-quality standards. With nearly 116 stores across the United States, For Eyes by GrandVision serves as the global leader in optical retail.
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.