Charter Realty & Development leases 2,350 s/f to Verizon

Charter Realty & Development has arranged a 2,350 s/f lease for Verizon located in the Dress Barn Plaza. Dress Barn Plaza is located on Rte. 7 and also contains Dress Barn and Dress Barn Woman. Verizon will be relocating and expanding from a nearby location. Verizon offers global voice and data services in more than 200 destinations around the world. Charter Realty & Development Corporation currently owns or leases over 14 million s/f of shopping centers throughout the northeast.

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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.

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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.