Fellah of HK Group completes five leases totaling 12,076 s/f
Franco Fellah, executive vice president at HK Group has completed the following leases:
* Glastonbury-based United Bank leased 6,590 s/f of office at 55 Greens Farms Rd. The Fairfield County expansion is led by Maureen Hanley-Bellitto.
* Eyeglasses.com, a high-end optical shop, leased 2,555 s/f at Blue Back Square Shopping Center, West Hartford, Conn. This is the second location for Eyeglasses.com, that already has a retail store downtown Westport at 147 Post Road East.
* Francois DuPont Jewelers leased 800 s/f of retail space at Sconset Square Shopping Center, Westport. They moved from Main Street Westport due to the redevelopment of the property where they were located.
* XT Capital Partners of NYC, a financial company, leased 500 s/f of office at 311 Post Road East, Westport.
* CueScript, Inc. leased 1,631 s/f of office at 1525 Kings Highway East, Fairfield. The company produces tele-prompters that are used throughout the world.
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.