The Town of Brighton Massachusetts

 

Brighton is a neighborhood of Boston, Massachusetts, located in the city’s northwest corner. It is named after the town of Brighton in the English city of Brighton and Hove. For its first 160 years, Brighton was part of Cambridge and was known as Little Cambridge. Throughout much of its early history, it was a rural town with a significant commercial center at its eastern end. Brighton separated from Cambridge in 1807 after a bridge dispute and was later annexed to Boston, in 1874.

In 1630, land comprising present-day Allston-Brighton and Newton was assigned to Watertown. In 1634, the Massachusetts Bay Colony transferred ownership of the south side of the Charles River, including present-day Allston-Brighton and Newton, from Watertown to Newetowne, later renamed Cambridge. Before the American Revolutionary War, Little Cambridge became a small but prosperous farming community. Its inhabitants included wealthy Boston merchants such as Benjamin Faneuil (after whom a street in Brighton is named).

In 1820, the horticulture industry was introduced to the town. Over the next 20 years, Brighton blossomed as one of the most important gardening neighborhoods in the Boston area. The businessmen, however, did not neglect the cattle industry. In 1834, the Boston & Worcester Railroad was built, solidifying the community’s hold on the cattle trade. By 1866, the town contained 41 slaughterhouses.

 

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J. Butler Property Management, LLC. : Brighton, Massachusetts

Elsewhere on this website, it was mentioned that an experienced commercial property manager (who also functions as the leasing agent) realizes the importance of the strategy behind how to negotiate the best possible deal for the client, the landlord, in lease negotiations. Among the property manager’s many serious obligations is the need to determine whether the retail tenant’s sales would ever achieve the level to pay percentage rent. This can be determined by reviewing the sales trends of a prospect’s other stores and comparing the tenant’s sales breakpoint to the national sales averages for this category of retailing, found in the Urban Land Institute’s bi-annual publication, Dollars & Cents of Shopping Centers. It is important to determine what the tenant’s sales are likely to be and how much this request will cost the landlord in lost percentage rent. Using the tenant’s average sales in its other location is a good starting point to determine what its sales are likely to be, following a start-up period. The tenant may negotiate for a percentage rent-only lease and no base rent. If this is agreed to, the percentage rate should be negotiated a couple of points higher. Another counter would be to make the lease percentage rent only for the first year or two, after which time, it reverts to a base rent. Retailers may also negotiate to cancel their lease if their sales fall below their projections. This is an added concern for retailers who are leasing space in a weak shopping center or mall (or at times when the economy itself is weak).