News: Brokerage

Charter Realty and Development leases 9,733 s/f to Dollar Tree

Charter Realty and Development has leased space at the East Brook Mall to Dollar Tree. Dollar Tree has taken 9,733 s/f and will be joining anchor tenants Kohl's, Dress Barn, TJ Maxx, Michael's, Olympia Sports, Radio Shack, and Applebee's. This 151,377 s/f center enjoys easy, signalized access from Rte. 195 (Storrs Rd.). Carol Hutchinson of Charter Realty, represented Dollar Tree in the transaction. Dollar Tree, Inc. is an American chain of discount variety stores that sells items for $1 or less. A Fortune 500 company, Dollar Tree operates more than 4,900 stores throughout the 48 contiguous United States and Canada. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods.
MORE FROM Brokerage

Horvath & Tremblay sells Starbucks in North Branford, CT for $2.519 million

North Branford, CT Bob Horvath, Todd Tremblay, Matt Nadler, and Ryan O’Rourke of Horvath & Tremblay have completed the sale of a Starbucks in North Branford, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2.519 million.
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The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

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.