News:
Brokerage
Posted: August 24, 2018
The R. Calabrese Agency sells Popeye’s Louisiana Kitchen for $1.75 million
Windsor Locks, CT Ralph Calabrese and Tony Valenti of the R. Calabrese Agency, LLC completed the sale of a recently opened Popeye’s Louisiana Kitchen located at 70 Ella Grasso Tpke.
This newly constructed 3,000 s/f restaurant officially opened on July 6. The seller was Westcorp LLC and the buyer was 70 Ella Grasso, LLC. The R. Calabrese Agency was the only broker involved. The investment property sold for $1.75 million.
Additionally, The R. Calabrese agency recently executed a build-to-suit long term lease for another Popeye’s Louisiana Kitchen located on West Street, Southington.
MORE FROM Brokerage
Horvath & Tremblay sells Starbucks in North Branford, CT for $2.519 million
North Branford, CT Bob Horvath, Todd Tremblay, Matt Nadler, and Ryan O’Rourke of Horvath & Tremblay have completed the sale of a Starbucks in North Branford, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2.519 million.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.