Bergin of Pearce/George J. Smith brokers sale and lease in Milford
John Bergin, senior commercial broker, with Pearce/George J. Smith is the sole broker in the sale and lease of Nello's La Contina restaurant located at 248 New Haven Ave. The buyer is Adis II, LLC of Bridgeport.
Nello's, a well-known Italian restaurant in the Milford area, has been operated by Nello Piscelli for the past twenty-seven years. The buyer has been in the restaurant business for the past twenty years, also operating an Italian restaurant.
The buyer has signed a long-term lease with the landlord, Gulf Plaza, LLC, and will make substantial improvements to the restaurant.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.