News: Brokerage

Meyers of Paramount Partners leases 54,500 s/f at Waterstone Retail's Carver Marketplace

Waterstone Retail Development and Deb Meyers of Paramount Partners Brokerage have signed 3 new anchor tenant leases at Carver Marketplace. Carver Marketplace is a 75,000 s/f shopping center located at 160 N. Main St., less than ¼ mile from the new Rte. 44 interchange. The landlord, Waterstone Retail Development, was represented by Deb Meyers, a principal of Paramount Partners. They have leased 54,500 s/f in three separate transactions. Stonewood Health & Fitness is a 30,000 s/f health and wellness center that will offer a full fitness center, physical therapy, HydroWorx swimming pool, basketball court, etc. and will open in February. Boomerang Family Playland is a 14,000 s/f destination family attraction, offering kids' games, play structures, party rooms, and entertainment. Boomerang's will be open before the holiday season. Dollar Tree was represented in their 10,500 s/f lease by Jonathan Rauch of Strategic Retail Advisors. Also involved as a co-broker and representative to the owner, were Harmon Lewis and Ed Gerwig of National Commercial Brokers, Inc. Dollar Tree is currently open for business. Carver has experienced market growth over the past 24 month period. Plans for the proposed casino one mile away in Middleborough and the redevelopment of the 100 acre sand and gravel pit behind the center, have sparked interest in the area. Growth in this area has also been stimulated by the population increase with the relocation of many Boston area commuters, regional commercial activity, and the recent completion of the Rte. 44 connector, which has more than doubled traffic flow. Waterstone redeveloped and improved Carver Marketplace by rebuilding the facade, parking lot and pylon sign. Waterstone has permitted the center for an additional 20,000 - 40,000 s/f.
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