Thursday, December 19, 2019

NEW ENGLAND NEWS

The 99 Ranch Market, the largest Asian supermarket chain in the country with more than 50 stores, will open a 60,000 s/f store in North Quincy in the former Big Y, which closed in August. The location will be 99 Ranch’s first in New England...Urban Edge Properties has acquired Wonderland Marketplace, a 139,507 s/f shopping center on 16 acres along Route 1A in Revere, MA for $24.1 million... 7 retail tenants have signed on to take space in the South Village section of the 170-acre Tuscan Village mixed-use development in Salem. L.L. Bean will open a 15,000 s/f lakeside store. The other retailers are Old Navy, Ulta Beauty, JPMorgan Chase Bank, Chipotle Mexican Grill, fitness company Drive Custom Fit, and Pressed CafĂ©. About 800,000 s/f of retail space is planned in the mixed-use Tuscan Village, which will be some 2.8 million s/f. The remainder of the space will include residential and Class A corporate and medical office space...Newmark Knight Frank announced the completion of the sale of Simsbury Commons in Simsbury, CT on behalf of EDENS to PAG Investments. Totaling 256,804 s/f, Simsbury Commons is presently 98% leased. Major tenants include Stop & Shop, Bob’s Stores, Bed Bath & Beyond, Apple Cinemas, and HomeGoods...The awning-capped, roof-decked Baseball Tavern across from Fenway Park will soon close its four-floor pub, but will re-open in the new development proposed by Scape North America for the 1252-1270 Boylston Street block, which will feature apartments and ground-floor retail. The new Baseball Tavern won’t have a roof deck, but will have a street-level patio.

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