Coldwell Banker Scalzo Group brokers 11,000 s/f retail lease to USA Baby

USA Baby signed a long term lease for 11,000 s/f of retail space at 117 Old State Rd. Paul Tolk of Coldwell Banker Scalzo Group represented both the owner of the building, Heritages Partners, and the tenant, USA Baby. The long term lease valued at over $2.5 million includes a major renovation of the first floor facing Federal Rd., Rte. 7. The area of Brookfield on the Danbury boarder, referred to as the miracle mile, includes major retailers such as Lowes Home Improvement, Stew Leonards, Best Buy, Circuit City, Home Depot, Linens 'N Things, Bobs, Raymour Flanigan, Michaels, Office Max, TJ Maxx, CVS, Kohls and Costco. USA Baby began operations in 1975 with founder Alan Levine selling baby furniture door to door. The Brookfield location is slated to open this fall. Tolk has been one of Coldwell Banker's top producers winning the number one ranking in the North East in 2005 and number 5 in the country. Tolk is now working as vice president with Eagle Realty LLC.

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Sullivan & Sullivan brings 14 Class A office condos to auction

Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.

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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.