Avison Young represented landlord Transatlantic Investment Management, Inc.(Transatlantic) in a 3,454 s/f retail lease with Sleepy's, the Mattress Professionals, at 151 Merrimac St.
Avison Young principal Karyn McFarland represented Transatlantic and will continue to serve as the building's exclusive leasing representative. Peter Lyons of the Dartmouth Co. represented Sleepy's in the transaction. The retail location is slated to open this spring.
Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.
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.
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.