News: Brokerage

Bowden of the R. Calabrese Agency sells 14,000 s/f for $1.2 million

Meriden, CT Bob Bowden of the R. Calabrese Agency has completed the sale of a property located at 671 East Main St., formerly owned and occupied by CVS. 

The 14,000 s/f freestanding building was a CVS pharmacy which was replaced by a new store in that market.  The sale price for the property was $1.2 million and purchased by a developer, ZTZ Properties LLC, who will be repurposing the building.  

The seller was CVS Meriden East Main Inc. Bowden represented both the buyer and the seller.

MORE FROM Brokerage

Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons

Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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.