Colonial Properties brokers six deals totaling 6,050 s/f
According to Mike Richetelli, president of Colonial Properties, Inc., the firm has completed six transactions. Fred Messore, senior vice president was the sole broker in negotiating three deals at Highwood Square, 953 Dixwell Ave., Hamden, totaling 2,500 s/f, including a dental office and insurance office.
Frank Greco has negotiated a two-year lease for 800 s/f of retail space at 253 Naugatuck Ave., Milford located in Aldario's Plaza to Coastal Canine Grooming, LLC. Greco was the sole broker for his representation of the landlord.
Brita McGee has negotiated a three-year lease for 2,000 s/f of 2nd floor retail/office space located at 263 Boston Post Rd., Orange, to Sun West Mortgage. McGee represented the landlord and Dick Brown of Remax Right Choice, represented the tenant.
McGee and Greco negotiated a lease for 750 s/f of retail space at 973 Boston Post Rd., West Haven, to Sangam Beauty Salon. McGee and Greco were the sole brokers in this transaction.
Greco and Mike Boyarsky have facilitated the sale of Shoreline Laundromat located at 20 Alps Rd., Branford. Greco and Boyarsky were the sole brokers in the transaction for their representation of the seller.
Colonial Properties, Inc. is a full-service commercial real estate brokerage firm handling all types of commercial and investment real estate transactions including the sale and leasing of retail, industrial, office and investment properties, as well as brokering land and business sales.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.