Charter Realty and Development Corp. is leasing the former Ames of 39,369 s/f located at the University Mall at 6 Stillwater Ave. This 104,628 s/f center includes Dollar Tree, IGA, Spotlight Cinemas, and Wendy's. It is located within 100 feet of exit 193 of I-95 and less than 5 minutes away from the University of Maine.
Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.
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.