Thursday, June 19, 2014

New England News

CVS last month opened its 49th MinuteClinic retail clinic in Massachusetts, in Dedham. CVS operates 812 of the walk-in clinics across the US...Katz Properties has purchased the 20,000 s/f Embassy Cinema in Waltham for $3.1 million from Ship To Shore LLC...Gap Inc. is in talks to open a new Gap Outlet on Washington Street, across from the Millennium Tower site in Downtown Crossing, in the space previously occupied by the F.Y.E store, which closed in January 2012...After 18 years, the 10,000 s/f Willow Books and Cafe at 279 Great Road in Acton is on the market. The sale does not include the real estate...Construction is almost complete on a 20,000 s/f retail development at 555 Boston Providence Hwy (Rte. 1) in Walpole, MA. Tenants will include Milan Nail and Spa, Salon Bene, Piezoni's Pizza, and Bay State Endodontics, all opening this summer...Despite delays and multiple owners, work is expected to be completed by year's end to replace a portion of the former Polaroid headquarters in Waltham, MA with a 250,000 s/f mixed-use development. The latest tenant to sign at 1265 Main is Flank, the New American Beefsteak. Most of the development's 130,000 s/f of retail space has been leased, including an 80,000 s/f Market Basket, a 25,000 s/f Marshalls; Starbucks; and a 6,000 s/f Jake 'n Joe's Sports Grille...Cushman & Wakefield brokered the sale of Durgin Square, a 137,838 square foot, Shaw's Supermarket-anchored center in Portsmouth, NH, to Dividend Capital for $24.7 million (see KeyPoint Partners Company News on Page 1)...Savers opened a new store this month at 222 Boston Post Road Plaza (Route 20), Marlborough, MA...Carvel ice cream has embarked on a big push to find franchisees willing to open new stores in Massachusetts. The chain currently consists of about 275 full-service shops and 125 express locations across the country, with a large concentration in New York and New Jersey.

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