Thursday, February 20, 2020
NEW ENGLAND NEWS
Crosspoint Associates has acquired Amherst Shopping Center, a Big Y Supermarket and CVS-anchored retail center in Amherst, MA. The 81,702 s/f center is 97% leased...Nick Varano, owner of Strega Italian restaurants, has signed a deal with Irish investment firm Danu Partners, the company that acquired Smith & Wollensky in 2016, to buy the restaurant chain. The new operators will explore expansion beyond Boston. The sale encompasses Strega Waterfront; Strega Prime in Woburn; Strip by Strega; and 5 Caffé Strega locations. Danu has announced a new US-based LLC, PPX Hospitality Group, to oversee the Strega Group as well as Smith & Wollensky…JLL Income Property Trust acquired Milford Crossing, a new 160,000 s/f grocery-anchored shopping center in Milford, MA. The property is anchored by Stop & Shop…Staples launched 6 reimagined stores in Greater Boston including Government Center and Needham. Called Staples Connect, the concept includes coworking, podcasting and community event spaces for professionals, teachers, and students. Staples will review the concept prior to rolling it out to the remaining 1,094 US stores... A public pension fund advised by TA Realty LLC recently sold Garden City Center in Greater Providence, RI to WS Development and CrossHarbor Capital Partners. Totaling 530,629 s/f, Garden City Center is anchored by Whole Foods…City Works Eatery & Pour House will open in the Arsenal Yards development in Watertown, MA in March, their 10th US location...New Hampshire’s first Dave & Buster’s will open its 137th location at the Mall of New Hampshire in March.