Charter Realty & Development Corp. will be leasing the Boardman Plaza located at 101-501 Boardman-Canfield Rd. This 622,938 s/f center sits on about 50 acres and has tenants that include Burlington Coat Factory, Pet Supplies Plus, Linens N Things, Michaels, Rite Aid, Good Will, Dollar General, IGA, Aaron Rents, and Hobby Lobby. There are currently spaces available consisting of 900 - 80,000 s/f.
Charter currently leases or owns 12,220,157 s/f of centers in 13 states.
Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community. Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.
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.