Brady Sullivan's Manchester Commons has burst of leasing activity
According to Brady Sullivan Properties, their newest commercial acquisition, Manchester Commons has been at the center of a number of recent lease transactions in the past few months. Manchester Commons is a multi-building, two story, 102,000 s/f retail plaza, and it is adjacent to a 70,000 s/f Shaw's grocery store. In all, Brady Sullivan has completed 11,324 s/f of new deals at the site in recent months.
South Willow Animal Hospital relocated from their South Willow St. location, to Manchester Commons and leased 2,713 s/f of class A retail space.
The Dance Studio of Manchester has relocated to Manchester Commons into 3,595 s/f next to Shaw's, on the second floor.
An independent GEICO insurance office has leased space next to Shaw's, on the ground floor. This office, which will be occupying roughly 1,200 s/f is looking to be up and running by the new year.
Auto Equity Loans, a money lending institution, has leased 1,525 s/f on the ground floor. AE Loans was represented by Mike Tamposi of CB Richard Ellis.
Royal Palace Dance Studio has leased 2,310 s/f on the second floor. The tenant was represented by Jon Jackman of Jackman Commercial Realty.
Charles Panasis and Benjamin Kelley of Brady Sullivan worked to complete all these transactions on behalf of the landlord.
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.
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.
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.