Centro Properties leases 13,865 s/f at Freshwater-Stateline Plaza
According to Centro Properties Group, a 13,865 s/f lease has been executed with Jo-Ann Fabrics and Crafts at Freshwater-Stateline Plaza, located one block east of I-95, adjacent to Enfield Square, on the southeast corner of Elm St. (Rte. 220) and Freshwater Blvd.
Tim McNamara of SullivanHayes Companies Northeast, LLC, Farmington, represented Jo-Ann Fabrics and Crafts.
Centro Properties Group is the owner of Freshwater-Stateline Plaza and was represented by Charles Davis with Centro Properties Group.
Centro Properties Group is the third largest owner of community and neighborhood shopping centers in the U.S. Its portfolio of 593 properties is strategically located across 39 states and aggregates approximately 96 million s/f of gross leasable area.
Bridgeport, CT Stavros Filippidis of Horvath & Tremblay has completed the sale of 33 multi-family units totaling $6.275 million. Filippidis has arranged the sale of a 27 unit multi-family portfolio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $5.35 million.
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.