Monday, May 18, 2015

Summit Realty Partners and Katz Properties Announce Planet Fitness Lease at Monadnock Marketplace inKeene, NH

Keene, NH: Summit Realty Partners and Katz Properties are pleased to announce that a Planet Fitness franchisee has signed a lease at Monadnock Marketplace located at 30 Ash Brook Road in Keene, NH. Planet Fitness plans to open a 20,413 square foot, full service, state of the art fitness facility which will fill a void at both the shopping center and in the community for a health club with top of the line equipment and services.  Monadnock Marketplace is a 505,000 +/- square foot power center anchored by Target, Home Depot, and Price Chopper.
Planet Fitness is a nationalfranchise that prides itself on being a “Judgement Free Zone,” where members of all fitness levels can exercise at their own pace and feel comfortable working out in a comfortable, non-intimidating environment.
Planet Fitness offers two affordable monthly membership options: $10 for the standard membership which provides access to a member’s home club and $19.99 for the PF Black Card®, which includes access to all 900+ Planet Fitness locations throughout the country, the ability to bring a guest any time at no additional charge, use of massage chairs, tanning, hydro massage beds among other perks. 
Planet Fitness plans to start construction in Keene this June with an anticipated opening date this fall.
Summit Realty Partners is a commercial real estate firm headquartered in Lexington, Massachusetts. Summit Realty provides brokerage and property management services throughout the United States. They specialize in commercial property with an emphasis on retail. More information about this press release or general leasing information can be found at or by contactingChris McMahon at 781.862.9700 X225.

Wednesday, March 18, 2015

NEREJ article - Stay focused, spring thaw will be here soon enough and things will return to normal

Click here for entire article.

Winslow Property Management Assists Summit Realty Partners and Katz Properties in acquiring 11,500 SF Strip Center

Saugus, MA
564-600 Broadway
Saugus, MA
Saugus, MA According to Summit Realty Partners, Katz Properties has acquired 564-600 Broadway (U.S. Rte. 1). The 11,500 s/f retail strip center currently has long-term leases in place with Sleepy's and FedEx office as a result of Summit Realty Partners recently extending the Sleepy's lease for ten years.

Winslow Property Management, an affiliate of Katz Properties and Summit Realty Partners, provided the due diligence on the acquisition.

This highly visible strip center is located on the heavy trafficked U.S. Rte. 1 at the entrance to Home Depot. It is estimated that U.S. Rte. 1 sees traffic counts of 107,500 vehicles per day, providing significant exposure to a large group of potential customers. U.S. Rte. 1 is part of an established super regional retail corridor featuring the Square One Mall and home to national tenants including Super Wal-Mart, Target, Dick's Sporting Goods, Barnes & Nobles, and Best Buy. The property benefits from the new Super Wal-Mart just south of the site which sends customers north past the center upon their exit from the supercenter.

Summit Realty Partners is a commercial real estate firm providing brokerage, consulting, development and property management services. Headquartered in Lexington, Massachusetts and operating throughout the United States, they specialize in commercial property with an emphasis on retail.

Friday, January 9, 2015

Thomas Smith joins Summit Realty Partners and Katz Properties as Director of Leasing

"We are pleased to welcome Tom to our team.  As the company's portfolio continues to grow, we are excited to have someone with Tom's experience to focus on brokerage and tenant relations nationwide" - Frank Normandin, President & Founder 

We are pleased to announce that Tom Smith has joined Summit Realty Partners and Katz Properties as national Director of Leasing.

Tom specializes in leading transaction management, lease negotiations, client relations, and portfolio management.  He was previously Vice President with the John Flatley Company where he managed a commercial and retail portfolio overseeing all leasing, business development, strategic planning, forecasting, community outreach, broker relations, and marketing.  He also held brokerage positions within the Boston offices of Richards Barry Joyce & partners and UGL Equis Corporation.  Tom's expertise and industry knowledge has grown extensively with direct involvement in over 250 transactions including corporate leasing, new construction/build-to-suit projects, acquisitions and dispositions, financial modeling and business development.  Tom graduated from the University of Massachusetts (Amherst, MA) with a B.A. from the College of Social & Behavioral Sciences,

Wednesday, January 7, 2015

Katz Properties sells Derry Meadow Shoppes to Slate Properties for $24.4 million

Derry Meadows Shoppes, 35 Manchester Road - Derry, NH
Derry Meadows Shoppes 35 Manchester Road, Derry, NH
Derry, NH: According to Cushman & Wakefield, Derry Meadows Shoppes has sold to Slate Properties. The Cushman & Wakefield team, led by president Robert Griffin, executive vice president Geoffrey Millerd and senior associate Justin Smith, oversaw the $24.4 million transaction of the Hannaford-anchored retail center on behalf of Katz Properties. The shopping center is located at 35 Manchester Rd.

"In addition to Hannaford, Derry Meadows features an ideal tenant roster of strong national and regional retailers, while sharing access with a recently constructed Walmart Superstore" said Millerd.  Totaling 186,997 s/f, Derry Meadows Shoppes takes advantage of its positioning along I-93. The site features visibility and combined with Walmart, Derry Meadows Shoppes is positioned in the regional shopping corridor.

"Derry Meadows Shoppes was initially constructed in 1999, but was extensively renovated and expanded between 2000 and 2004," said Smith. "As a result of these efforts, the center is positioned for long-term success in what is becoming a dynamic shopping corridor."

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.

Click here to view NEREJ article.