News:
Brokerage
Posted: February 23, 2024
Capital Group Properties facilitates 22,000 s/f lease to Tractor Supply Co. at Maynard Crossing
Maynard, MA Capital Group Properties have arranged a lease for Tractor Supply Company at Maynard Crossing, a 300,000 s/f mixed-use development anchored by Market Basket. This new Tractor Supply will occupy 22,000 s/f with an additional 20,000 s/f outdoor retail area. Tractor Supply is the first tenant in this multi-tenant retail building to be constructed in the final phase of Maynard Crossing. The store is anticipated to open in the fourth quarter of 2024.
Tractor Supply is the largest rural lifestyle retailer in the U.S. with 2,198 stores in 49 states as of September 30, 2023, and more than 50,000 team members. Known for its customer service, Tractor Supply offers quality products to help customers maintain their homes, farms, land, gardens, and animals. Products include pet food and animal feed, clothing, pet supplies, lawn and garden supplies, power tools, fencing, riding mowers, and more.
In addition, Phase II of the Maynard Crossing development is currently under construction and will add 46,000 s/f of retail space across two buildings to accommodate multiple tenants of various sizes. The Phase II-A building, anchored by BrightPath Early Learning, is currently 66% leased and will be completed in early 2024.
Maynard Crossing, which is located at 2-17 Digital Way, broke ground in 2019. The development integrates two residential communities, Halstead Maynard Crossing, a 180-unit luxury apartment complex, and Camellia Gardens, a 143-unit upscale senior independent living community, along with a synergy of retail, dining, healthcare, and entertainment tenants.
MORE FROM Brokerage
RapDev leases 17,587 s/f at 501 Boylston St. - lease brokered by JLL
Boston, MA RapDev, a leading software-engineering and DevOps consultancy, has leased 17,587 s/f at 501 Boylston St. in the city’s Back Bay. The company moved into the new space this summer, consolidating operations onto a single floor to accommodate growth and create a workplace that reflects its collaborative culture.
Quick Hits
.png)
Columns and Thought Leadership
Retail / tariffs / uncertainty and (still) opportunity - Carol Todreas
As new tariffs continue to impact the global economy, retail businesses and investors are grappling with heightened uncertainty. From new high tariffs to supply chain issues to evolving consumer behaviors, continual changes are making it as or more challenging than the pandemic years. Yet, amidst this turbulence,
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
Newbury Street: Boston’s timeless retail gem thrives in a modern era - by Joseph Aquino
Boston’s iconic Newbury St. continues to thrive as one of the most vibrant and compelling retail corridors in the United States. Nestled in the heart of the Back Bay, this historic St. has evolved into a powerhouse of high-St. retail, where luxury meets lifestyle and legacy brands coexist with up-and-coming names. With its European charm, diverse architecture, and unmatched foot traffic, Newbury St. remains a dynamic reflection of Boston’s energy, culture, and economic strength.
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
