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.
Burlington, Mass. — Atlantic Capital Partners has arranged the sale of Middlesex Marketplace, a 38,243-square-foot shopping center in Burlington, a northern suburb of Boston. Built in 2013, the property was 89 percent leased at the time of sale. Tenants at the center include Smith & Wollensky, Visionworks, Ideal Image and AFC Urgent Care. Justin Smith, Chris Peterson and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer in the transaction.
Wrentham, Mass. — Five new tenants have signed leases at Wrentham Village Premium Outlets in Wrentham. Pottery Barn is scheduled to open later this month at the property, which is also home to sister brand West Elm Outlet. Apparel retailers OFFLINE by Aerie, Hollister Co. and Gilly Hicks have also signed leases at the property. OFFLINE by Aerie will open this summer, and Hollister Co. and Gilly Hicks are scheduled to open this fall. Additionally, Shake Shack will open a restaurant in late winter of this year. Wrentham Village Premium Outlets …
Cambridge, Mass. — New England Development has announced plans to open CanalSide Food + Drink, a new food hall in Cambridge, approximately one mile outside Boston. Situated within the developer’s CambridgeSide mixed-use development, the food hall is scheduled to open this fall. CanalSide will feature a bar — dubbed C-Side Bar — as well as 14 eateries. Announced concepts include 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. RODE designed the food hall, with Whiting Turning serving …
Watertown, Mass. — Seven new tenants have signed leases at Arsenal Yards, a mixed-use development in Watertown, roughly 10 miles outside Boston. J.Crew Factory and Jersey Mike’s Subs are now open at the property. Additionally, Butterbird, Splash and Dash, Marvelous Cuts, Medium Rare and Squeeze Massage are scheduled to open later this year. Arsenal Yards, which is developed by Boylston Properties and Wilder Cos., totals more than 1 million square feet and features life sciences, residential and hospitality uses, in addition to retail and restaurant space.
Boston — Mark Taylor has joined Boston-headquartered Horvath & Tremblay as an executive vice president. Taylor’s experience includes 35 years in commercial real estate brokerage, including previously serving as senior managing director of investments at a national firm. He has brokered over $3.5 billion in investment sales across 42 states.
Marlborough, Mass. — BJ’s Wholesale Club, a Massachusetts-based operator of member retail warehouse locations, plans to open five new clubs in the Southeast and Indiana this fiscal year, which ends Feb. 1, 2025. The new clubs will be located in Maryville, Tennessee, a suburb of Knoxville; Myrtle Beach, South Carolina; Palm Coast and West Palm Beach in South Florida; and Carmel, Indiana, a suburb of Indianapolis. Earlier this month, the company announced its plans to open a new store near Jefferson Mall in Louisville, Kentucky. BJ’s Wholesale Club’s current portfolio comprises …
