Thursday, December 27, 2012

Summit Realty Partners is Leasing Space in Dennisport, MA

DENNISPORT — When Summit Realty Partners bought a block of businesses downtown about two years ago, it wanted to lure a range of businesses to the district. So far, so good, Summit's property manager Fred McFadden said.

Buckies Biscotti moved from a standalone building on Route 28 into the block more than a year ago. Hot Diggity Dog Wash and Boutique followed suit. This summer, artist Hans de Castellane opened a studio downtown and started teaching classes. Auntie's Ice Cream Parlor braved the post-summer season and opened this fall. A yoga studio expects to start this spring...

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Wednesday, December 5, 2012

New Lease Signed - Tenant Representation - Orange Leaf Frozen Yogurt - Epping NH 

Orange Leaf Frozen Yogurt, one of the fastest-growing self-serve frozen dessert franchises, plans to open a store early next year in the new Brickyard Square Shopping Center located at the intersection of NH 101 and NH 125 in Epping, N.H.

Summit Realty Partners and Waterstone Retail announced the recent lease signing, and are pleased that Orange Leaf will be joining retail stores like Market Basket, O’Neil Cinema’s, The Paper Store, Marshalls and Famous Footwear in the thriving shopping center.

Orange Leaf Frozen Yogurt will utilize the leased space as their popular self-serve dessert concept and fill a void at the shopping center and in the community for a frozen yogurt store.
Chris McMahon of Summit Realty Partners represented Orange Leaf in securing a lease for this location, and the store plans to open early 2013.

About Orange Leaf
Orange Leaf Frozen Yogurt is a self-serve, choose-your-own-toppings frozen dessert chain with a healthy mix of corporate affiliate stores and franchises from coast to coast, with recent expansion into Australia. Now over 200 stores strong, Orange Leaf’s pro-franchisee culture encourages owners to become a part of their community and provides them with the necessary ingredients for success. Orange Leaf offers a multitude of delicious, traditional and original flavors along with no sugar-added, gluten-free and lactose-free alternatives. Customized with a generous selection of do-it-yourself toppings, Orange Leaf provides an innocent indulgence, self-served in a stimulating atmosphere. For more information and franchise opportunities, visit, like Orange Leaf on Facebook, or follow them on Twitter at @myorangeleaf.

Client Acquisition - Katz Properties Acquires 81,000 sf Fairhaven Plaza in Fairhaven MA

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Fairhaven, MA Katz Properties of New York has acquired the Fairhaven Plaza shopping center for $16.5 million. The 81,000 s/f supermarket anchored shopping center, built in 1999, is situated on 9.4 acres located at 221 Huttleston Ave. (Rte. 6).

Fairhaven Plaza is 97% occupied by a 59,000 s/f Stop & Shop supermarket and gas station, a 12,475 s/f Ace Hardware and a 4,000 s/f Sleepy's.

Daniel Katz, a principal of Katz Properties said, "With our management team based in Massachusetts, Fairhaven Plaza was a natural buy for us. We remain committed to the New England market and are primed to acquire more shopping centers with market-leading grocers. This is our sixth acquisition in 2012 and we are working on several others before year end."

Frank Normandin, president of Winslow Property Management, a Katz Properties affiliate, said "We were excited to pursue this opportunity right in our backyard. Fairhaven is in a densely populated trade area and the shopping center has great visibility - the property fits right in with our existing portfolio of supermarket anchored shopping centers."

Mortgage financing for Fairhaven Plaza was provided by Member's Capital of Madison, Wisconsin and was arranged by Tim Breda of Goedecke & Co. CBRE's national retail investment group, led by Chris Angelone, Bill Moylan and Nat Heald, represented both Katz Properties and the seller in the transaction. Leasing and property management services will be provided by Winslow Property Management.

Katz Properties is a real estate investment, development and management company, with offices in Boston, N.Y., Philadelphia and Washington, D.C., primarily focused on the acquisition, operation and repositioning of grocery-anchored shopping centers in the Northeast and Mid-Atlantic.