CBRE | Boulos completes two leases totaling 4,550 s/f
Craig Young of CBRE|The Boulos Co. brokered the lease of a 4,000 s/f free-standing building to be built at the Auburn Mall from Nobility LLC at 707-723 Turner St. on behalf of the landlord. Panera Bread is expanding quickly across North America and operates 1,504 bakery/cafés in 40 states and in Ontario Canada under the Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Café names. Harmon Lewis of National Commercial Brokers represented the tenant.
In another transaction, Nate Stevens of CBRE|The Boulos Co. brokered the lease of 550 s/f of retail space from Schoodic Equity Investors II, LLC at 851 Sawyer St. in South Portland. Webber is a local artist who currently sells her hand painted glassware online and in over fifty retailers. She intends to open her own studio carrying her work at this location.
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.