News: Shopping Centers

Excess Space Retail inks six recent leases

According to Excess Space Retail Services, Inc., the firm has recently completed the following transactions: * Rite Aid subleased 10,908 s/f to Aaron Rents at 1035 State Rd. in Schenectady. * RadioShack leased 2,400 s/f to D/G #34, L.P. at 1001 E. State Hwy. 152, #107, in Mustang, Okla. * Knowledge Learning Center sold 5,300 s/f to Patricia Verdine and Scott Verdine at 3 Mill St. in Pittston, Penn. * BFS subleased 9,000 s/f to BMW Motorcycles at 2115 Spring St. in Long Beach, Calif. * Shopko sold 0.36 acres at 510 East Philip Ave. in North PLatte, Neb. to Wilkinson Development, Inc. * Walgreens subleased 11,165 s/f to Goodwill Industries of El Paso, Inc. at 5150 Fairbanks in El Paso, Tex.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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