Capital Commercial Real Estate brokers 4,590 s/f for Sullivan Tire: Faye represented landlord and procured tenant
Capital Commercial Real Estate, LLC brokered a long-term lease agreement between Sullivan Tire Company, Inc. and Drive-In Development Corp. Sullivan Tire plans to renovate an existing 4,590 s/f free-standing property at 690 Bridge St., Rte. 3A, and open for business this fall.
Ellen Faye of Capital Commercial who represented the landlord and procured the tenant, Sullivan Tire, stated that the site is ideally located just north of the Hingham Shipyard and adjacent to Riverway Plaza, with anchor tenants Lowes, Staples, CVS and Michaels. Faye stated that the prime location and daily traffic of 38,000 vehicles is ideal for the Sullivan Tire brand, well known for their complete automotive services and customer service since 1955.
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.