NEWS & RECENT TRANSACTIONS
Summit Realty Partners leases to Edward Jones and Mariano’s Italian restaurant; renews leases on 44,188 +/- SF including anchor tenant – Hannaford in Townsend, MA
Townsend, Massachusetts, March 27th, 2017- Summit Realty Partners, Inc. is pleased to announce the completion of new lease transactions with Edward Jones, Mariano’s Italian Restaurant, and Roofing & Closet Masters. Leases were executed with Edward Jones for a 1,349 +/- sf space, Mariano’s Italian Restaurant for a 1,685 +/- sf former restaurant space and Roofing & Closet Masters for a 2,096 +/- sf space. All three tenants are expected to open this year.
Edward Jones is a financial services establishment that serves clients throughout the United States and Canada. They are relocating their existing office in Townsend. Mariano’s Italian Restaurant is an affiliate of Bailey’s Bar & Grill and Mariano’s Italian Restaurant in Pepperell, MA.
Summit was also involved in renewing seven existing leases totaling 44,188 +/- sf at the shopping center. The renewals included Hannaford, Wine Nook, Bailey’s Bar & Grill, Santander, Harbor Village Cleaners, Precision Vision, and Nashoba Valley Counseling. These lease renewals add to the overall value of the shopping center, boasting a wide variety of national, regional and local tenants. Chris McMahon and Travis Ginsberg represented the Landlord in these transactions.
Harbor Village is a 99,707 +/- square foot grocery anchored shopping center located across the street from North Middlesex Regional High School. Harbor Village is anchored by Hannaford Supermarket, Rite Aid, and Planet Fitness. Leasing opportunities from 768 to 4,250 +/- sf remain at the shopping center.
With 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 20,045 +/- SF to American Freight Furniture & Mattress in Cranston, RI
Cranston, RI March 16th, 2017: Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with American Freight Furniture & Mattress for a 20,045 +/- sf space at Independence Park Shopping Center. Chris McMahon represented the Landlord in the transaction.
American Freight Furniture & Mattress is a retail store offering quality brand furniture. Founded in Lima, Ohio, in 1994, American Freight now operates over 100 stores selling a variety of mattresses and furniture, including bedroom, dining room and living room furniture in the promotional to middle price ranges.
Independence Park is a 216,794 +/- square foot Super Walmart anchored shopping center located in a densely populated area. Other tenants include Planet Fitness, Dollar Tree, Cricket Wireless and McDonalds. The last space available for lease at Independence Park is 9,028 +/- sf and Summit is actively seeking prospective tenants.
With 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 7,700 +/- SF to Pet Supplies Plus in Fairhaven, MA
Fairhaven, Massachusetts, January 30th, 2017 – Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with Pet Supplies Plus at Fairhaven Commons in Fairhaven, MA. A new lease was executed with Pet Supplies Plus for a 7,700 +/- sf retail store which is expected to open by mid-year. Chris McMahon and Travis Ginsberg represented the Landlord, TKG Fairhaven Commons, LLC, in the transaction while Bialow Real Estate represented the tenant.
Fairhaven Commons is a 212,393 +/- square foot shopping center located in the center of Fairhaven’s retail shopping market. Fairhaven Commons features anchor tenants such as Walmart, Marshalls, and Ocean State Job Lot. This shopping center also benefits from popular establishments such as Planet Fitness, Verizon, GameStop, and GNC. Fairhaven Commons has excellent visibility and easy access from the major intersection of U.S. Route 6 and State Route 240/Sconticut Road, just one-mile south of Interstate 195. The Fairhaven shopping center is located in a densely populated trade area with over 120,000 people residing within a five-mile radius.
Pet Supplies Plus is a retail store that specializes in quality pet food and supplies. Their products range from your basic needs for cats and dogs, to supplies for birds and reptiles. Summit Realty Partners is seeking tenants to lease the remaining 1,678 to 21,422 +/- sf available for lease at the shopping center.
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.