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Brokerage
Posted: June 26, 2014
Angel Commercial leases 1.22 acres to Cumberland Farms
Jon Angel, president of Angel Commercial L.L.C., a Southport based commercial real estate brokerage firm, has leased 1.22 acres of vacant land at 258-266 Boston Post Rd. to Cumberland Farms Inc, for the future home of their second convenience store and gas station.
The triangular parcel was formerly Gloria's Garden Center, a forty-year-old family business. This landmark location benefits from 3 street frontages; Plains Road, West Clark Street and Boston Post Road and has easy access to I-95.
Cumberland Farms recently received final approval from planning and zoning to construct a 4,500 s/f convenience store with clapboard façade, 10 gasoline pumps, and an outdoor picnic tabled dining area. Construction has already begun with completion planned for Q4 of this year.
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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.
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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.
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