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Brokerage
Posted: December 23, 2016
Colliers International secures 68,000 s/f Market 32 by Price Chopper
Market 32 by Price Chopper - Maynard, MAMaynard, MA Colliers International, Boston has signed a 68,000 s/f lease with Market 32 by Price Chopper as the grocery anchor at Maynard Crossing. Colliers was the exclusive leasing agent for Capital Group Properties’ project. Market 32 by Price Chopper will operate a supermarket offering an extensive prepared foods section, pharmacy, 8,000 s/f wine, spirits and cheese section, as well as a Starbucks.
“Maynard has historically lacked a retail center, and being surrounded by several affluent communities makes it a prime location for a retail complex at the nucleus,” said Peter Montesanto, senior vice president and retail team leader at Colliers International, Boston. “With centers trending towards a more grocer-centric mentality, Market 32 will increasingly drive daily trips to Maynard Crossing and ultimately contribute to the project’s long-term success.”
Upon completion of the 293,500 s/f mixed-use project, the complex is also slated to include two full service and two fast casual restaurants, a 20,000 s/f health club, a community bank, hardware store, apparel stores, medical care center, 180 residential rental units and a 143-unit independent senior living facility.
Groundbreaking at Maynard Crossing is slated to take place in the second quarter of 2017, with an anticipated opening of summer 2018.
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