Ridgefield Fuel Associates Inc. signed a 10-year lease for a gasoline station with a C-store located at 115 Danbury Rd. The total value of the lease was in excess of $2.3 million. Alan Fischer, CCIM, SIOR, of Fischer Real Estate Inc. represented both the landlord and the tenant in this transaction.
The 5,580 s/f building on .58 acres, located on a corner at the entrance to Copps Hill Plaza in the heart of Ridgefields retail district, will be renovated with an additional leasable tenant space created.
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.
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.