According to Colliers International Connecticut, 151 Old Ridgefield Rd., a recently constructed class A mixed-use property in downtown, is 100% leased. The Conservatory of Dance, a private dance studio that offers classes for children and adults, signed a long-term, 3,600 s/f lease for the building's last available space, on the second floor.
"The Conservatory of Dance joins a roster of quality tenants at 151 Old Ridgefield Road, one of the only business locations in downtown Wilton," said Jackie Pinyan-Durels, a senior managing director with Colliers International Connecticut, who leads the leasing efforts on behalf of the building owner, Sun Plaza, LLC.
Designed by local architect Joe Cugno, the 14,450 s/f property is within walking distance to shops, banks and the Wilton Library, and is in close proximity to the Wilton Train Station. The three-story building is handicapped accessible and serviced by an elevator.
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.
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.
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.