Egg Harbor Township, N.J. — Spirit Halloween has announced plans to test a new, Christmas-themed concept with the opening of 10 stores. Spirit Christmas stores will feature décor, apparel, inflatables, gifts and stocking stuffers, as well as interactive elements including a life-sized gingerbread village. Scheduled to open beginning in November, the 10 test stores will be located at shopping centers in New Jersey, New York, Pennsylvania, Connecticut and Massachusetts.
Kingston, Mass. — Second Horizon Capital has acquired a 150,000-square-foot Macy’s store located in Kingston in a sale-leaseback transaction. Situated on a 15.2-acre parcel, the building is located within Kingston Collection. Macy’s will continue to operate at the site through early 2025.
Cambridge, Mass. — Two new concepts have joined the lineup at CanalSide Food + Drink, a new food hall scheduled to open this month in Cambridge. Eateries Juicygreens and Far Out Ice Cream have joined the vendor lineup, which also includes anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta to Go, Fresh, InChu, Lala’s Neapolitan-ish Pizza, Nu Burger, Sapporo Ramen and Teazzi Tea Shop. New England Development is the developer of the property, which was designed by RODE. The project team also includes general contractor Whiting Turning.
Pittsfield, Mass. — Cronheim Mortgage has secured a $7.4 million loan for the refinancing of Merrill Road Retail Plaza, a shopping center located in Pittsfield. Constructed in 1971, the property was fully leased at the time of financing to tenants including T.J. Maxx, HomeGoods, Harbor Freight, Aspen Dental, Sally Beauty Supply and Planet Fitness. Andrew Stewart, Dev Morris and Brandon Szwalbenest of Cronheim arranged the 10-year financing on behalf of the borrower, Phoenix Realty Management.
Cambridge, Mass. — Newmark has brokered the $20.1 million sale of Porter Square Galleria, a retail center located in Cambridge. A 28,893-square-foot Target anchors the property, which totals 55,610 square feet and was 96 percent leased at the time of sale. Other tenants at the center include One Medical, Anna’s Taqueria and Citizens Bank. Robert Griffin, Jonathan Martin and Paul Penman of Newmark represented the undisclosed seller and secured the buyer, Crosspoint Associates, in the transaction. David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr. and Conor Reenstierna of Newmark arranged acquisition …
Hyannis, Mass. — Whole Foods Market will open a new, 42,560-square-foot store in Hyannis. A relocation from the existing Hyannis store, the property will feature a larger format and more than 370 local items from New England. The store will also offer grocery delivery to Cape Cod residents, as well as an Amazon returns counter and kiosk.
Reading, Mass. — Atlantic Capital Partners has brokered the $5.6 million sale of a single-tenant property located in the Boston suburb of Reading. HomeGoods occupies the building, which totals 30,000 square feet. Justin Smith, Chris Peterson, Sam Koonce and Matt Austin of Atlantic Capital Partners represented both the buyer and seller in the transaction.
Alpharetta, Ga. — Metro Atlanta-based Honey Baked Ham Co. has signed a four-unit franchise deal in the Northeast. Locations will include Worcester, Massachusetts, as well as elsewhere in the state and an additional location in Rhode Island. Tom McGwire, great-grandson of the brand’s founder, will own and operate the units, along with his father Tad McGwire and brothers Charlie and Brett McGwire. This will bring Tom McGwire’s Honey Baked Ham portfolio to eight stores, following a previous deal to develop four stores across Connecticut, Rhode Island and Massachusetts.
Quincy, Mass. — Stop & Shop, a grocery store chain based in the Boston suburb of Quincy, has announced plans to close 32 locations by the end of this year. Situated throughout the Northeast, the stores — described in a press release as “underperforming” — are located in Connecticut, Massachusetts, New Jersey, New York and Rhode Island. According to the grocer, the affected stores will shutter on or before Nov. 2. Associates at the locations will be offered other employment within the company. “As we announced in May, Stop & Shop …
Plymouth, Mass. — DLC has acquired Colony Place, a shopping center located in Plymouth in metro Boston, for $86 million. DLC purchased the property as part of joint venture with Temerity Strategic Partners (TSP). According to a press release issued by the company, DLC launched the venture in December 2023, with plans to double its portfolio by 2025. Principal Asset Management acted as adviser for the transaction.
