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SUMMIT REALTY PARTNERS brings retail center on Amherst street in Nashua, NH to 100% occupancy:

 

nashua 493 amherst street

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. sells 56,000 +/- SF property:

 

Bourne MA Clay Pon Road Sale

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. leases 2,400 +/- SF to Clear Choice md:

 

example tilton nh rendering

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. is pleased to announce new leasing activity at wayland town center:

 

Press Release 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:

 

Press Release Hotworx 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.

 

SUMMIT REALTY PARTNERS, Inc. LEASES 3,000 +/- SF TO Mr. Mac's in westford, ma:

 

Press Release Mr. Macs 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:

 

Press Release Town Fair Tire 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:

 

Press Release Harbor One Bank Stoughton MA

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 

 

Press Release sports clips spenga Newburyport bank

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

 

Press Release Wayland Town Center 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

 

Horace Mann Plaza 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

 

Press Release Burger IM 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

 

Press Release Planet Fitness Orange Theory Fitness

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

 

Giacomo's Restaurant Wayland Town Center 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 +/- square foot investment property in Acton, ma for $1,600,000.00

Press Release Acton MA 481 Great Road

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

Press Release Easton MA

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 Represents Orangetheory fitness in Manchester, NH

 

 

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.

19 Muzzey Street Lexington MA

 

SUMMIT REALTY PARTNERS PROVIDES TENANT REPRESENTATION FOR GEN SOU EN TEA HOUSE’S 5,500 +/- SF LEASE AT COOLIDGE CORNER IN BROOKLINE, MA

 

Press Release Gen Sou En Tea 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

 

Press Release 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

 

Press Release Hobby Lobby Tilton NH

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

 

Press Release Acton MA Dollar Tree

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:

 

Bedford NH Orange Theory Fitness

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

 

Press Release FedEx Saugus MA

Saugus, Massachusetts, June 12th2017 - 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.


SUMMIT REALTY PARTNERS LEASES A TOTAL OF 5,000 +/- SF TO TWO NATIONAL TENANTS IN KEENE, NH

Press Release Monadnock Marketplace Keene NH

Keene, New Hampshire, May 8, 2017- Summit Realty Partners, Inc. is pleased to announce the completion of new lease transactions with Kay Jewelers and Yankee Candle at Monadnock Marketplace in Keene, NH. A new lease was executed with Kay Jewelers for a 3,000 +/- sf location and with Yankee Candle for a 2,000 +/- sf location. Both are expected to open in late 2017/early 2018. Chris McMahon represented the Landlord, KEENE MZL LLC in the transaction.

Monadnock Marketplace is a 504,873 +/- square foot grocery anchored power center located in a densely populated area. Monadnock Marketplace is anchored by Price Chopper Supermarket, Home Depot, Target, and Dick’s Sporting Goods. These businesses drive significant traffic volume to this property each day. Monadnock Marketplace is also located at the major intersection of Ash Brook Road and Routes 9,10, and 12 in the heart of the regions primary retail market.  

There is currently 1,500 +/- sf to 9,900 +/- sf available for lease at the shopping center including up to 5,416 +/- sf at the new small shop retail building at the entrance to the center. This small shop building (1,500 to 5,416 +/- sf) includes outdoor patio seating for prospective restaurant tenants. The new lease transactions with Kay Jewelers and Yankee Candle, along with the strong retail composition Monadnock Marketplace contributes to the overall desirability of Monadnock Marketplace shopping center which boasts a wide variety of national, regional and local tenants.


Look past the mall: Retail real estate is alive and well, here is why-

It is not difficult these days to find negative news surrounding retail. My clients, industry peers, investors, and friends all have been asking the same question lately; just what is the current state of the retail industry and what are the impacts that the struggling retailers often mentioned in the news have on retail real estate?

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SUMMIT REALTY PARTNERS SELLS 25,000 +/- SF RETAIL CENTER FOR $2,600,000 ON CAPE COD

Press Release Cape Cod Sale

Dennisport, MA; March 29, 2017: Summit Realty Partners is pleased to announce two recent sales at Dennisport Village located at 673 Main Street in Dennisport, MA for a combined total of $2,600,000.

Dennisport Village is an 25,000 +/- square foot mixed-use condominium with 11 retail establishments, 3 office spaces, and 1 residential unit located along busy Route 28 in the heart of downtown Dennisport, MA. The first sale, at a price of $650,000, was for the 5,600 square foot unit occupied by the Red Nun Bar & Grill, a well-known restaurant establishment. The second sale, at a price of $1,965,000, was for the remaining 19,300 square feet comprised of 14 units. The larger sale represents an investment at a 9.3% cap rate.

This downtown property offers a unique combination of storefronts for foot traffic and parking for destination shopping. The property has a variety of recognizable tenants including Buckies Biscotti, Power Yoga of Cape Cod, Red Nun Bar & Grill, Auntie’s Ice Cream, and Hot Diggity. Dennisport Village is surrounded by a diverse mix of national and local retailers all within walking distance, as well as a theater, playgrounds, service providers and restaurants.

Dennisport Village, LLC group purchased the nearly vacant and neglected center in 2010 with the vision of creating a thriving mixed-use property. The property required many significant improvements and updates at the time of purchase. As a result of these improvements, as well as hands-on asset management and leasing by Fred McFadden with Winslow Property Management, the property was nearly 100% leased with a diverse mix of retail, office and restaurant tenants prior to the sale. The project has played a substantial role in the revitalization of Dennisport, which is once again a thriving downtown with full storefronts and unique offerings for residents and visitors alike.

Chris McMahon of Summit Realty Partners represented the seller, Dennisport Village, LLC in these transactions.


SUMMIT REALTY PARTNERS LEASES 20,045 +/- SF TO AMERICAN FREIGHT FURNITURE & MATTRESS IN CRANSTON, RI

Press Release Cranston RI Independence Park

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 TO EDWARD JONES AND MARIANO’S ITALIAN RESTAURANT; RENEWS LEASES ON 44,188 +/- SF INCLUDING ANCHOR TENANT - HANNAFORD IN TOWNSEND, MA

Press Release Townsend MA Harbor Village Shopping Center

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 7,700 +/- SF TO PET SUPPLIES PLUS IN FAIRHAVEN, MA

Press Release Fairhaven MA Pet Supples Plus

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.


SUMMIT REALTY PARTNERS LEASES 2,700 +/- SF TO PLASTER FUN TIME IN HAVERHILL, MA

Press Release Haverhill MA Plaster Fun Time

Haverhill, Massachusetts, December 8th, 2016 - Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with Plaster Fun Time at Rivers Edge Plaza in Haverhill, MA. A new lease was executed with Plaster Fun Time for a 2,700 +/- sf retail store which opened Saturday December 3rd. Chris McMahon and Travis Ginsberg represented the Landlord, Rivers Edge Plaza Limited Partnership, in the transaction.

Rivers Edge Plaza is a 63,203 +/- square foot neighborhood shopping center located in a densely populated area. Rivers Edge Plaza features anchor tenants such as Market Basket, CVS and Dollar Tree. This shopping center also benefits from popular establishments such as Cardsmart, Supercuts and Dunkin’ Donuts. With excellent visibility from Route 97, Rivers Edge is a convenient location for day to day travelers and experiences traffic counts of almost 20,000 +/-vehicles each day. Plaster Fun Time is a painting place where kids get to use their creativity and imagination to create their own masterpiece. A great place to host a birthday party or spend an afternoon with the family, Plaster Fun Time is fun for all ages. Summit Realty Partners is seeking tenants to lease the remaining 1,843 to 12,616 +/- sf available for lease at the shopping center.


Summit Realty Partners Leases 7,827 sf

Press Release Mr. Mac's

Portsmouth, NH and Tyngsboro, MA: November 25th, 2016 - Summit Realty Partners, Mr. Mac’s Macaroni and Cheese Restaurant has signed leases to open two new franchised locations in New England. Chris McMahon of Summit Realty Partners represented the tenant in both transactions.

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Keene pet store to move to Monadnock Marketplace

Press Release Keene NH One Stop Country Pet Supply

Next month, One Stop Country Pet Supply will leave the Colony Mill Marketplace in Keene for Monadnock Marketplace, and its new landlord aims to add more stores to the plaza next year.

Monadnock Marketplace, at 30 Ash Brook Road in the city, includes Price Chopper, Bed Bath & Beyond, Ulta Beauty, and other stores. The shopping center is owned by New York City-based Keene MZL, LLC c/o Katz Properties, according to a news release from its broker, Lexington, Mass.-based Summit Realty Partners.

Keene pet store to move to Monadnock Marketplace>>


SUMMIT REALTY PARTNERS LEASES 1,700 +/- SF TO AROMA JOE’S

Press Release Exeter NH Aroma Joes

Exeter, NH: September 7, 2016- Summit Realty Partners is pleased to announce the completion of a lease with Aroma Joe’s coffee shop at 31 Portsmouth Ave in Exeter, NH. Aroma Joe’s, a popular New England coffee shop, will be occupying 1,700 square feet of the building and the remaining 3,472 +/- sf space is still available. The building is located on a prime retail corridor surrounded by local and national retailers, and is in close proximity to Phillips Exeter Academy as well as Exeter Hospital. This lease signing kicks off the redevelopment of the former Rogan’s Bakery. Chris McMahon and Travis Ginsberg of Summit Realty Partners represented the Landlord, Baker Prop, LLC, in this transaction. 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.


Remembering the basics, while continuing to evolve: Retail brokerage in 2016


There are a variety of important trends affecting the shopping center industry including the expansion of restaurants, fitness centers, and off-price retailers. A related trend is the positive effect that a strong consumer is having on the retail industry. The performance of several apparel retailers including Kohl’s, Under Armour, and Nordstrom have improved recently with better than expected sales results. These results positively affected each company’s valuation and give skeptics of brick and mortar stores a dose of optimism.

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SUMMIT REALTY PARTNERS, INC. LEASES 2,600 +/- sf TO DAIRY QUEEN IN CONCORD, NH

Press Release Concord NH Dairy Queen

Concord, NH – July 27, 2016 – Summit Realty Partners, Inc. is pleased to announce the completion of a new ground lease transaction with Dairy Queen at 192-192 Loudon Road in Concord, NH. The planning board approvals have been received by a local landlord, The Hodges Companies with demolition and site work expected to commence within the next month. Dairy Queen will build and occupy a 2,600 +/- free-standing building with a drive-thru attached.

Summit Realty Partners is excited to be involved with the rejuvenation of this property located on a major retail corridor, and neighbor to a myriad of national retail and restaurant brands. Summit Realty Partners is actively prospecting a variety of other businesses to fill out the remainder of available space at the property. Besides Dairy Queen, the retail site currently has conceptual approvals for a 6,534 +/- SF restaurant space and a 2,400 +/- SF bank opportunity with drive-thru access. The developer indicates that there is flexibility for alternative uses and/or designs for the remainder of site.

Summit Realty Partners would like to thank Ryan Minihan and Rob Robledo of CBRE-NE who represented Dairy Queen as well as its landlord client, The Hodges Companies, for their partnership in the completion of the Dairy Queen transaction. Chris McMahon of Summit Realty Partners is the exclusive listing agent for the landlord.

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 24,405 +/- SF TO NEW TENANTS AND RENEWS LEASES ON 47,146 +/- SF IN TOWNSEND, MA

Press Release New Tenants

Townsend, MA, June 14, 2016 - Summit Realty Partners, Inc. is pleased to announce the completion of several new lease transactions totaling 24,405 +/- sf at Harbor Village Shopping Center in Townsend, Massachusetts. New leases were executed with several national brand tenants as well as many local retail and service concepts. National brands include Planet Fitness and Subway. Local concepts include Flooring Designs of Townsend, Norma’s Corner Doggy Daycare, Nashoba Valley Learning Center, and L.F. Robbins Insurance. Each of these tenants bring a unique brand and concept to the well-located shopping center which was originally developed in 1986.

In addition to new leases, Summit was involved in renewing several existing leases totaling 47,146 +/- sf at the shopping center including Hannaford Supermarket, Rite Aid Pharmacy, McDonald’s, Townsend Fine Jewelers, Klever Klippers, Steward Medical, among others. These lease renewals and new leases come at an opportune time as the new owners of the shopping center have implemented an aggressive management and leasing campaign to tenant and repair the somewhat distressed shopping center that was only 70% occupied when purchased in 2014. The entire shopping center has been painted with a new color scheme and a new shopping center pylon sign has been installed to display most of the shopping centers tenants on Main Street.

Harbor Village is a 99,707 +/- square foot grocery anchored shopping center prominently located on the Groton / Townsend line across from the new North Middlesex Regional High School which is currently under construction. When complete, this $65 million dollar high school will stand at 180,000 +/- sf which will provide for an even more regional draw to the shopping center. Excellent visibility and access from Main Street provides for maximum exposure and traffic to the property. Summit is seeking tenants to lease the remaining 1,141 to 4,367 +/- sf available for lease at the shopping center. Summit represented the Landlord, FEDEQ NL004, 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.



 


Press Release Littleton NH

SUMMIT REALTY PARTNERS LEASES 8,716 +/- SF TO TOWN FAIR TIRE IN LITTLETON, NH

 

Littleton, New Hampshire, April 7, 2016 - Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with Town Fair Tire at Littleton Commons Shopping Center in Littleton, New Hampshire. A new lease was executed with Town Fair Tire for an 8,716 +/- sf retail store scheduled to open in June. Chris McMahon represented the Landlord, REL Commons LLC, in the transaction.

Littleton Commons is a 62,400 +/- square foot community shopping center prominently located in the center of Littleton’s regional shopping district. Excellent visibility and access from I-93 provides for maximum exposure and traffic to the shopping center. Existing tenants include TJ Maxx, NH Liquor & Wine Outlet, Dollar Tree, GameStop, among others. Summit Realty Partners is seeking tenants to lease the remaining 1,640 to 5,208 +/- 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.



 

Cooks Corner Shopping Center Brunswick ME

Summit realty partners is pleased to announce a new management and leasing assignment at Cook’s Corner Shopping Mall in Brunswick, Maine

 

Lexington, Massachusetts, February 23, 2016 - Summit Realty Partners, Inc. is pleased to announce a new management and leasing assignment at Cook’s Corner Shopping Mall in Brunswick, Maine.  Katz Properties recently acquired the 302,003 square foot regional power center in the oceanfront community for $13.2 million.  

Situated on 32.5 acres, the 84 percent occupied property is anchored by a diverse tenant mix including Sears, Staples, Big Lots, TJ Maxx, Dollar Tree and Regal Cinema’s 10 theatre complex with seating for 1,700 people.  The superior outparcel structures feature first-class national tenants occupied by Dunkin Donuts, KFC, Applebee’s, Advance Auto Parts, Verizon Wireless and Five Guys Burgers.  Summit Realty Partners has initiated an aggressive leasing campaign to fill the remaining vacancies ranging from 432 to 20,591 square feet.

Cook’s Corner is conveniently located at the intersection of Route 24 (Bath Road) and US Highway 1 with light-controlled access and traffic counts of more than 25,000 vehicles per day.  The property is neighbor to Bath Iron Works, Bowdoin College, Mid Coast Hospital and Brunswick Naval Air Station.

For more information and leasing opportunities, visit www.summitrealtypartners.com or call Chris McMahon at 781-862-9700 x225.

 

Press Release Aubuchon Hardware

Summit realty partners is pleased to announce the completion of a new lease transaction with retailer Dollar Tree and a lease expansion with Aubuchon Hardware

 

Haverhill, Massachusetts, February 4, 2016: Summit Realty Partners, Inc. is pleased to announce the completion of a new lease transaction with retailer Dollar Tree and a lease expansion with Aubuchon Hardware at River’s Edge Plaza located in Haverhill, Massachusetts.   A new lease was executed with Dollar Tree for an 8,000 square foot store scheduled to open in February. Summit Realty Partners also negotiated a lease expansion and long term lease extension for Aubuchon Hardware to increase its premises from 4,250 square feet to 10,110 square feet. Both agreements bring further stability to the shopping center and are expected to bring more customer traffic. Chris McMahon represented the Landlord, Rivers Edge Plaza LP in both transactions.

River’s Edge Plaza is a Market Basket anchored shopping center conveniently located on the border of Haverhill and Groveland, within close proximity to Holy Family Hospital. Located on Route 97, the shopping plaza is desirably situated, experiencing traffic counts of nearly 20,000 vehicles per day, making it a convenient stop for everyone in the surrounding area.

Additional River’s Edge Plaza leasing opportunities exist at the former Radio Shack space (2,700 SF) and the current CVS space (up to 12,616 SF), which will be available in 2017 when CVS moves out to a pad building in front of the shopping plaza.

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.


 

Wiscasset Marketplace Wiscasset Maine

Summit realty partners is pleased to announce the recent acquisition of Wiscasset Marketplace

 

Wiscasset, Maine January 12, 2016: Summit Realty Partners is pleased to announce the recent acquisition of Wiscasset Marketplace, a 34,800 +/- square foot retail shopping center on behalf of its affiliate, WM 681 Bath Road, LLC, for $1,230,000.

Current tenants at the shopping center include Family Dollar, Subway, Island Teak and Marketplace Café. The property benefits from its key position on US Route One which sees an average of over 17,000 vehicles per day and its location across the street from Shaw’s Supermarket. Summit Realty Partners has initiated an aggressive leasing campaign to fill the remaining vacancies along with hiring Winslow Property Management to provide hands-on property management to improve overall operations of the shopping center-.

Summit Realty Partners represented the buyer, WM 681 Bath Road, LLC, in the sale of the property.

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.


 

Press Release PETCO East Longmeadow MA

Summit realty partners leases with Petco in East Longmeadow, MA:


Summit Realty Partners, Inc. is pleased to announce the completion of a lease transaction with Petco on behalf of Katz Properties at Heritage Park Plaza in East Longmeadow, MA.  Petco is a privately held national retailer specializing in offering pet supplies, food and services.

Heritage Park Plaza’s shopping center is anchored by Stop & Shop, New England’s premier grocer.  The shopping center benefits from a diverse tenant roster of national and regional retailers including Dollar Tree, Panera Bread, Aspen Dental, 99 Restaurant & Pub, Game Stop, GNC, Cost Cutters, and H&R Block. 

Founded in 1998, Summit Realty Partners has built a reputation for excellence by consistently assisting retail clients in shaping and implementing their strategies, exceeding expectations, and fulfilling objectives. Chris McMahon of Summit Realty Partners represented the landlord in the transaction and Adam Cirel of Atlantic Retail Properties represented the Tenant. More information can be found at www.summitrealtypartners.com or by calling Chris McMahon at 781.862.9700.

 

Orange Theory Fitness Press Release

Summit realty partners leases with Orange Theory Fitness in Portsmouth and Nashua, NH:


Summit Realty Partners is pleased to announce the recent completion of two lease transactions on behalf of 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 Personal Best LLC, a franchisee of OTF, which leased 2,800 square feet at Waterstone Retail’s shopping center on Route One in Portsmouth, NH. Orange Theory Fitness will join the shopping centers diverse mix of tenants including Cinemagic, McKinnon’s Market, Petco, Shio and Hand & Stone Massage.

The second transaction was on behalf of Agastache LLC, a franchisee of OTF, which leased 3,229 square feet at John J. Flatley Company’s Tara Commons on Spit Brook Road in Nashua, NH. Orange Theory Fitness has taken a prime end-cap space and will join this newly built shopping centers unique mix of tenants including the likes of Elizabeth Grady, Pressed Café, Craft Beer Cellar, Orange Leaf, and Pure Barre.

Chris McMahon of Summit Realty Partners represented the tenant in both 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.

 

Sale Harwich Port MA

Summit realty partners announces the sale of the village center shops in Harwich port, ma


Harwich Port, MA: Summit Realty Partners is pleased to announce the sale of the Village Center Shops located at 554 Main Street in Harwich Port, MA for $1.6M.

Village Center Shops is a 8,277 +/- square foot retail strip center located along busy Route 28 in the heart of downtown Harwich Port, MA.  The property offers a desirable combination of store fronts for foot traffic and an abundance of parking for destination shopping.  554 Main Street stands adjacent to the Chamber of Commerce building and is surrounded by a diverse mix of retail businesses and restaurants.   Summit Realty Partners acquisitions group purchased the neglected center in 2010 with one retail tenant.  Through several significant improvements and updates made to the center, as well as hands-on management and leasing, the property was 100% leased to a diverse mix of retail and restaurant tenants at the time of the sale.

Summit Realty Partners represented the seller, Harwich Port Village, LLC and procured the buyer, HP Property Investment, LLC in the sale of the property.

 

Vitamin Shop Press Release Concord NH

Vitamin shoppe opening at 240 loudon rd in concord, nh 


Concord, NH: Summit Realty Partners is pleased to announce a recent lease signing at 240 Loudon Road in Concord, New Hampshire.  The 18,000 square foot retail strip center is 100% occupied.

Vitamin Shoppe has executed a lease for 2,700 square feet and plans to open its doors for business this fall at the prominent retail strip center located next to Shaw's Supermarket and the Steeplegate Mall on heavily traveled Loudon Road in Concord.

The national vitamin and supplement retailer joins the center's existing tenants: Jos. A. Bank, Starbucks, U.S. Cellular, and Sleepy's.  Nearby business include Sears, J.C. Penney, Bon-Ton, Best Buy, Target, Home Depot, and many other great businesses in Concord's regional retail corridor.

Chris McMahon of Summit Realty Partners represented the Landlord, Centerco Concord, LLC.  Andrew Jaffe of Bialow Real Estate, LLC represented Vitamin Shoppe.

Summit Realty Partners is currently involved in a retail project located at 192-196 Loudon Road in Concord, NH.  Up to 35,000 square feet of retail space can be built at this high traffic development site which is listed for sale or for lease.

 

Press Release Monadnock Marketplace Keene NH

Summit Realty Partners and Katz Properties Announce Planet Fitness Lease at Monadnock Marketplace in Keene, NH


Keene, NH: Summit Realty Partners and Katz Properties are pleased to announce that a Planet Fitness franchisee has signed a lease at Monadnock Marketplace located at 30 Ash Brook Road in Keene, NH. Planet Fitness plans to open a 20,413 square foot, full service, state of the art fitness facility which will fill a void at both the shopping center and in the community for a health club with top of the line equipment and services. Monadnock Marketplace is a 505,000 +/- square foot power center anchored by Target, Home Depot, and Price Chopper.

Planet Fitness is a nationalfranchise that prides itself on being a “Judgement Free Zone,” where members of all fitness levels can exercise at their own pace and feel comfortable working out in a comfortable, non-intimidating environment.

Planet Fitness offers two affordable monthly membership options: $10 for the standard membership which provides access to a member’s home club and $19.99 for the PF Black Card®, which includes access to all 900+ Planet Fitness locations throughout the country, the ability to bring a guest any time at no additional charge, use of massage chairs, tanning, hydro massage beds among other perks.

Planet Fitness plans to start construction in Keene this June with an anticipated opening date this fall.

 

Press Release Saugus MA

Summit realty partners signs lease extension with sleepy's upon katz properties acquisition


Saugus, MA: Summit Realty Partners is pleased to announce that Katz Properties has acquired 564-600 Broadway (U.S. Route 1) in Saugus, MA.  The 11,500 +/- square foot retail strip center currently has long term leases in place with Sleepy's and FedEx Office as a result of Summit Reality Partners recently extending the Sleepy's lease for ten years.  Winslow Property Management, an affiliate of Katz Properties and Summit Realty Partners, provided the due diligence on the acquisition.

This highly visible strip center is located on the heavily trafficked U.S. Route 1 in Saugus at the entrance to Home Depot.  It is estimated that U.S. Route 1 sees traffic counts of 107,500 +/- vehicles per day, providing significant exposure to a large group of potential customers.  U.S. Route 1 is part of an established super regional retail corridor featuring the Square One Mall and home to national tenants including Super Wal-Mart, Target, Dick's Sporting Goods, Barnes & Nobles, and Best Buy.  The property benefits from the new Super Wal-Mart just south of the site which sends customers north past the center upon their exit from the supercenter.

 

Press Release Derry NHKatz properties sells derry meadow shoppes to slate properties for $24.4M

 

Derry, NH: According to Cushman & Wakefield, Derry Meadows Shoppes has sold to Slate Properties. The Cushman & Wakefield team, led by president Robert Griffin, executive vice president Geoffrey Millerd and senior associate Justin Smith, oversaw the $24.4 million transaction of the Hannaford-anchored retail center on behalf of Katz Properties. The shopping center is located at 35 Manchester Rd.

"In addition to Hannaford, Derry Meadows features an ideal tenant roster of strong national and regional retailers, while sharing access with a recently constructed Walmart Superstore" said Millerd.  Totaling 186,997 s/f, Derry Meadows Shoppes takes advantage of its positioning along I-93. The site features visibility and combined with Walmart, Derry Meadows Shoppes is positioned in the regional shopping corridor.

"Derry Meadows Shoppes was initially constructed in 1999,  but was extensively renovated and expanded between 2000 and 2004, " said Smith.  "As a result of these efforts, the center is positioned for long-term success in what is becoming a dynamic shopping corridor."

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment.  Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals.  It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales, and acquisitions, equity, debt, and structured finance, corporate finance, and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.

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Press Release Derry NHSummit realty partners announces zoo health club lease at derry meadows in derry, nh

 

DERRY, NH: Summit Realty Partners is pleased to announce that The Zoo Health Club has signed a lease at Derry Meadow Shoppes located at 35 Manchester Road in Derry, NH near Hannaford and Derry Five Star Cinema. The tenant plans to open a 23,820 square foot, full service, state of the art health club which will fill a void at both the shopping center and in the community for a full service health club with top of the line equipment and services.

The Zoo Health Club is a national fitness franchise with its nearest existing location in Manchester, NH. According to its Manchester website the company’s mission is to provide the means, expertise, motivation, and atmosphere that will enable people of all fitness levels the ability to achieve their individual fitness goals and promote a healthier way of living through an inviting environment.

In addition to monthly memberships, the health club plans to offer other services including one-on-one and group personal training, weight loss programs and products, smoothies and protein shakes, and tanning. Also, Zoo Health Club will have child care services exclusively for its members.

The Zoo Health Club plans to open in Derry in mid-September, 2014. Starting on Saturday July 26th, a sales office will be open at Derry Meadows Shoppes for membership pre-sales. The sales office will be located adjacent to Dollar Tree. For a short time only, Zoo is offering a special monthly discount for the first 200 members. For more information about memberships, please call Julian Pecorino @ 603.782.5016. 

 

Press Release Sale Waltham MAKatz properties buys Waltham embassy cinema for $3m

 

Waltham, MA: Katz Properties, a New York real estate investment, development and management company with offices in Boston, has purchased the Embassy Cinema in Waltham for $3.1 million.

The 20,000 square-foot cinema in downtown Waltham was sold by Ship to Shore, LLC.  The Belmont firm purchased the one acre lot at 16 Pine Street in 1997 for $550,000 and built the six screen theater the following year.  It is assessed at $3.1 million.

Daniel Katz, a principal of Katz Properties, said he plans to keep the cinema as a tenant.

“While our focus remains on multi-tenant, supermarket-anchored shopping centers, we are eager to take advantage of good opportunities in the single-tenant, triple-net space, especially on a great corner in a dynamic town like Waltham,” he said.

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Press Release Milford MASummit Realty partners leases space to dollar tree in milford, ma

 

Milford, MA: Summit Realty Partners is pleased to announce that Dollar Tree has signed a lease and opened a new store on Route 140 at Milford South Plaza.  This store opening brings the 45,000 +/- square foot neighborhood center to 100% occupancy.  Summit Realty Partners would like to thank John Wise for his involvement in the transaction as Dollar Tree's broker.

In conjunction with representing the Landlord in lease negotiations with Dollar Tree, Summit Realty Partners has also renewed leases with Big Lots and Milford Savings Bank, ensuring long term stability for the shopping center.  As a result, the Landlord is planning to complete significant exterior building and site work upgrades this spring.  These upgrades include new exterior paint, upgraded sign bands, new landscape islands to improve the flow of traffic, and new landscaping.

 

Summit Realty partners Announces sale of mixed-use building in Woburn

 

Woburn, MA: Christopher Ragusa and Michael Balas of Ryeknot Properties, LLC have purchased the 6,800 +/- square foot building and the adjacent vacant lot located at the intersection of Main and High Streets. The new owner has received the necessary permits to renovate the existing building creating a first floor restaurant space for Orange Leaf Frozen Yogurt and three dwelling units on the floors above. In addition, the building will be expanded to include four new dwelling units on the vacant High Street lot above fourteen parking spaces.

During the permitting process City officials praised both the former owner of the building for finding a buyer that would develop the downtown area in a positive manner and Ryeknot Properties for implementing smart growth and adding to the downtown area. Ward 6 Alderman Michael Raymond was quoted saying “I think more projects like this are needed in Woburn”.

The fifty eight seat Orange Leaf plans to open by this summer with a rotating selection of flavors and will be operated by a local franchisee. The Oklahoma City based franchise company has become a well known brand in New England over the past few years for the quality and variety of its self-serve frozen yogurt, the stimulating and family friendly atmosphere of its stores, and for its involvement in the communities which it operates.

Chris McMahon of Summit Realty Partners represented the Buyer and Peter Carbone of Carbone Commercial Real Estate represented the Seller in the sale transaction. The sale price was $625,000.

Ryeknot Properties is based in Newburyport, Massachusetts and is currently seeking similar commercial real estate acquisition opportunities.

 

derry nh pinkerton placeSummit Realty partners announces two lease signings at pinkerton place shopping center in derry, nh

 

DERRY NH: Summit Realty Partners announces two recent lease signings at the new retail development project “Pinkerton Place Shopping Center” in Derry, NH. Dr. Craig A. Rothenberg and Dr. Michael H. Moskowitz of Vanguard Dental Group and Go Wireless - a Verizon Wireless Premium Retailer have signed up to lease space in the final phase of this 49,000 +/- sf shopping center which is currently under construction. Pinkerton Place is well located at the major intersection of Manchester Road and Ashleigh Drive in front of Super Wal-Mart and is currently occupied by Panera Bread, Woof Meow Family Pet Center, and Goodwill.

Dr. Craig A. Rothenberg & Dr. Michael H. Moskowitz of Vanguard Dental Group are relocating their family and cosmetic dental practice to Pinkerton Place. The doctors and their excellent team are excited for this fantastic opportunity. This move will allow the doctors to better serve their patients, families and the community. This facility will be larger, more comfortable and will hold the most advanced technologies to assist in diagnosis, treatment and total patient care.  Cutting edge technology such as high definition digital X-rays, Galileos 3D imaging, CEREC Omnicam crowns in just one visit, and Microscope enhanced dentistry, along with a passionate commitment to continuing advanced education will allow for the highest level of patient care.  The doctors and team are looking forward to caring for their existing patients and new families at this wonderful and more convenient new location.

Steve Sher of Go Wireless – a Verizon Wireless Premium retailer has been operating in Derry for over 15 years and is relocating his store to Pinkerton Place. The move to Pinkerton Place will allow for Go Wireless to create a new build out concept with an open design. This will include interactive displays which allow customers to better experience new products and technologies. Go Wireless is excited to move to a larger space in a new shopping center which is well located. Go Wireless operates 11 stores throughout New Hampshire.

Summit Realty Partners is presently looking for one more business to lease the last remaining 2,016 +/- sf at the shopping center. For more information please contact Chris McMahon of Summit Realty Partners at (781) 862-9700 or by visitingwww.summitrealtypartners.com.

 

press release portsmouth nh friendlysSummit Realty partners Leases former friendly's in Portsmouth, nh

 

Portsmouth, NH — The former Friendly's restaurant on Lafayette Road has been leased by two well-known city restaurateurs.

Jay McSharry and Joel Harris leased the 3,663-square-foot restaurant at the intersection of Lafayette Road and Constitution Avenue, according to Summit Realty Partners and Paul McInnis Inc. Chris McMahon of Summit Realty Partners said McSharry and Harris plan to open a full-service Mexican restaurant named Vida Cantina.

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