Tuesday, November 22, 2016

New England News

Harvard Square icon Cafe Algiers on Brattle St. is closing for good this month after 45 years in business. The two-floor cafe was known for its selection of coffee, tea and Middle Eastern delicacies...Boloco sold five of its 16 restaurants this month. Boloco co-founder and owner John Pepper sold the chain’s locations in Burlington, Concord, Natick, Wellesley, and near Northeastern University in Boston to burger chain b.good. The chain’s Hanover location will not be affected by the sale. b.good has 45 locations and plans to have 60 by March...Flour Bakery opened its 5th location at 114 Mount Auburn St. in Harvard Square. A 2nd Cambridge location is expected to open in December, with another Boston location, behind the Prudential Center, coming in January 2017...Bon-Ton Stores Inc. plans to close a department store in Hamden, CT, marking at least the 6th closing announcement by the retailer over the past two years. Bon-Ton said the CT store will shut down when its lease expires Jan. 31.... Under Armour debuted its 19,000 s/f, two-level Boston store at Prudential Center this month. This is the company’s largest flagship opening of the year... The Sears store in Corbin’s Corner, West Hartford, CT will close in January 2017. After Sears’ closing, the space will be developed for REI, along with additional junior box and small shop retailers and restaurants... The sale of The Shops at Somerset Square, Glastonbury, CT  to Rouse Properties for $42 million has been completed. The 114,106 s/f property is anchored by Ann Taylor, CafĂ© Max, MAXFISH, Starbucks, Talbots and Victoria’s Secret...Two retail properties in Beverly and Duxbury MA sold for over $8.9 million in total: Dodge Crossing located along Enon St. in Beverly, and Duxbury Marketplace on Depot St. Occupying 30,100 s/f of frontage along Enon St., Dodge Crossing is anchored by Sleepy’s with additional tenants Learning Express Toys, Mathnasium, Triad Driving Academy, and others. Duxbury Marketplace consists of 5 separate buildings on 3 acres in the middle of the retail area. Tenants include Coldwell Banker, Eastern Bank, Duxbury Dogs, and others.

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