Ferrara of Colonial Properties sells 10,000 s/f bldg. for $525,000
According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., 279 Quinnipiac St., a landmark building in the center of Wallingford has been sold for $525,000.
The 10,000 s/f building on two acres was used by the Columbus Club, a chapter of The Knights of Columbus, as a banquet hall and social club.
Bill Ferrara of Colonial Properties represented the Columbus Club and Dan Combs Real Estate represented the buyer in the transaction.
The buyer plans to redevelop the property.
Colonial Properties, Inc. is a full service commercial real estate brokerage firm specializing in owner/landlord representation.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant 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.