Allaire of ERA Key Comm'l. handles $475,000 sale of 2 building retail site
Jeff Allaire of ERA Key Commercial represented the seller K & J Realty Trust and procured the buyer Jajosh Realty Trust in the recent sale of a retail site.
The property consists of a free standing brick and block building leased to a convenience store and a free standing wood frame building currently leased to a dentist's office.
The buyer has major remodeling plans for both buildings and plans parking lot and green space improvements at the site.
The subject is located at the crossroads of Rtes. 126 and 140 in the center of town directly across from a new Walgreen's and the new Bellingham Town Hall.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.
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.