Bowden of R. Calabrese Agency brokers $764,000 sale of 7-Eleven store
Bob Bowden of the R. Calabrese Agency has sold the 7-Eleven Convenience Store in the Oakville section of Watertown. The buyer, 7-Eleven, Inc. of Dallas, Tex., purchased the property from Japage Partnership of Houston, Tex. for $764,000. Located at 188 Davis St., the 2,800 s/f building on .38 acre was constructed in 1972 and has been an operating convenience store leased by 7-Eleven.
Japage Partnership and 7-Eleven, Inc. were represented by Bowden of R. Calabrese Agency of Waterbury. 7-Eleven, Inc. was additionally represented by attorney Kevin Kancherla of Excess Space Retail Services, Inc. of Lake Success, N.Y. Closing of title and escrow on March 30 was provided by Republic Title of Texas, Inc.
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.
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.