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Golf Town Inc. Tees off with 22,432sf Lease at The Crossing at Walkers Brook — maintains Reading MA center at 100% Occupancy

QUINCY, MA. (March 2011) — One of the first Golf Town stores in the U.S. is set to open late in March at The Crossing at Walkers Brook in Reading, MA maintaining the 475,000sf destination retail center’s record of 100% occupancy.

Announcement of the 22,432sf long-term lease in the former Linens ‘N’ Things location was made by Mark Dickinson, President of Dickinson Development Corp of Quincy, MA, developer of the center of Route 128/95. The center was completed in two phases between 2007 and 2007.

Golf Town ( www.golftown.com ) also opening five other stores in Massachusetts, was represented in lease negotiations by Peter Belsito of SRA Retail, while Dickinson was represented by Andy LaGrega, Principal of The Wilder Companies, Boston.

“The long term lease consummated in a challenging economy is noteworthy as it maintains Walkers Brooks full occupancy,” said Dickinson, “Golf Town is a great addition to the centers exciting mix of retailers that attracts both local and regional shoppers. We are especially pleased that a highly successful retailer, new to the U.S., selected our center as one of their first locations.”

Golf Town, based near Toronto, operates 55 stores across Canada. Key factors in the chain’s success include an expert staff, pleasurable environment, golf simulators and lessons, repair and pro shops, and a huge selection of equipment, accessories, and apparel. CEO Stephen Bebis says the stores are so much fun, “It’s hard to leave without buying something.”

Dickinson completed Phase I of the $90Million shopping plaza on a former municipal landfill during 2004 and 2005. The award-winning development is anchored by Home Depot and Jordan’s Furniture. Across the road, Dickinson completed a 69,000sf Stop & Shop supermarket in 2007 as part of the Walkers Brook development. The former landfill now brings millions of dollars of tax revenue and hundreds of construction and permanent jobs to the area.

Dickinson recently completed a 97,000sf DeMoulas Market Basket supermarket at Riverside Landing in New Bedford, MA and is starting Phase II, which consists of a restaurant, bank, and retail building on 3.25 acres just off I-195.

Dickinson is also spearheading and recently won approval for the $65Million residential/commercial development known as Dover Landing on the Cochecho River in Dover NH.

Founded in 1980, Dickinson Development is a full-service commercial real estate development and project management consulting firm based in Quincy, Mass.

— Real Estate News

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