News: Brokerage

Angel Commercial leases 9,566 s/f to AutoParts International

Stratford, CT Jon Angel, president of Southport-based Angel Commercial, L.L.C., completed the lease of 9,566 s/f of industrial space located at 120 Allen St., to AutoPartsInternational Inc., a Massachusetts-based corporation. “The space had been on the market for less than two months,” said Angel, who represented the landlord in this transaction.

AutoParts International is a full-range supplier of replacement parts to the automotive aftermarket for both foreign and domestic nameplate vehicles. They distribute their products through wholesale distributors across North America and have company-owned wholesale stores in New England, New York, Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and Florida.

“With easy access to I-95, the site is ideally located for an auto parts supplier,” said Angel. “AutoParts International has signed a long-term lease. This lease deal brings the facility to 100% occupancy.”

Vance Taylor of Commercial Real Estate Group represented the tenant.

MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

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.