NY private equity firm bets big on the future of Legacy Place in Dedham
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Despite the rise of Amazon and other online shopping sites, Dickerman is still a big believer in bricks-and-mortar. He notes that Legacy draws regular customers from as far away as 30 miles, because of the tenant mix — it's essentially full — and the experience.
He said the COVID-19 pandemic disrupted the office and retail real estate markets, but the retail sector appears to be stabilizing now, particularly because so few new shopping centers were built across the country in recent years.
'There's been so much dislocation with Amazon and home delivery,' Dickerman said. 'In our view, retail is finally starting to catch an equilibrium.'
This is an installment of our weekly Bold Types column about the movers and shakers on Boston's business scene.
Jon Chesto can be reached at
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