Charter Realty & Dev. acquires Westgate Shopping Center for $9m

Charter Realty & Development Corp. acquired Westgate Shopping Center located on Congress St. Shaw's Supermarket, CVS and Advance Auto anchor the 91,000 s/f center. Charter has a full renovation and expansion planned for the center. A new faÃ§ade package, along with redeveloped parking lot and lighting package are planned. Charter will be adding two outparcels and reconfiguring the existing retail space so several small stores will become available. The renovation work is set to begin in the spring and will be completed by the end of 2008. The center is located in the heart of the city's population with over 140,000 people living within the trade area.

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O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property

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.

Atlantic Capital Partners sells shopping center in Milford for $8m

Horvath & Tremblay completes sale of Walgreens store for $4.9m

Commercial Realty Advisors represents buyer in $1.9m acquisition

Prescott IOS and the Stubblebine Company complete 30,500 s/f on three acres of IOS in a build-to-suit lease at 3 Belcher St., Plainville, MA

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Columns and Thought Leadership

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.

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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.