Friday, November 13, 2015

New England Retail News

The site of the former Salem NH Liquor & Wine Outlet at in Salem, NH was sold for $3.9 million in a sealed bid sale coordinated by Nautilus Realty Group. The winning bidder was Emmett Horgan, owner of Rockingham Toyota of Salem. .. Tesla Motors plans to open its first store in Boston, at Prudential Center, the third MA retail location for the firm. Tesla has stores in Natick and Dedham, and a service center in Watertown. Tesla operates 159 sales and service centers worldwide... WS Development is buying the remaining 12.5 acres of the Seaport area, known as Seaport Square, for $359 million in a deal that is likely to accelerate completion of the new district, one of the biggest development areas in the city. WS plans to build offices, housing, and shops...Five Guys will open a new restaurant at the former site of Kelly’s Roast Beef in the middle of Allston. Five Guys currently has 1,300 locations worldwide, and 24 locations in Greater Boston... Jordan’s Furniture is building a 192,500 s/f store in New Haven, CT, its first in the state, that will feature a massive indoor rope course. The New Haven store, scheduled to open this December, will feature the largest entertainment area of any Jordan’s stores to date. The retailer currently operates five stores....The Golub Corp. opened its first Market 32 in Sutton, MA last month, the first supermarket in that community. The store is the fourth Market 32 to open since the company’s November 2014 announcement that it plans to develop the new brand across the majority of its 130-plus stores over the next 7-10 years. The first 3 were converted from Price Choppers and opened over the summer... Linear Retail Properties, LLC has acquired 745 South St. in Roslindale Village., a 4,600 s/f single-story property leased to Unleashed, Petco’s urban store concept...Saladworks has exited Ch. 11 bankruptcy and plans to expand along the I-95 corridor in MA, including up to a dozen new stores in Boston. The chain has 108 locations...Grass Fed, a burger-and-milkshake restaurant in Jamaica Plain, will open its 2nd location on Washington St. across from Forest Hills station. Grass Fed current location opened in 2012.

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