Centro Properties leases 1,200 s/f to Metro PCS and 11,000 s/f to Dollar General at Torrington Plaza
According to Centro Properties Group US, two retailers, Metro PCS and Dollar General, have joined Torrington Plaza located west of Hwy. 8 at the intersection of Main St. and Litchfield St.
Metro PCS recently opened and currently occupies 1,200 s/f. Dollar General has executed a lease and will be occupying 11,000 s/f.
John Ferris of CBRE / Grossman Retail Advisors LLC, Boston, Mass., represented Metro PCS. Tim McNamara of SullivanHayes Companies, Farmington represented Dollar General.
Centro Properties Group is the owner of Torrington Plaza and was represented by Mark Potter with Centro Properties Group.
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.