Foote of O,R&L brokers 14,500 s/f lease to Hoffmans Gun Center
Steve Foote of O,R&L Commercial, LLC recently represented the tenant, Hoffman's Gun Center, Inc., in the leasing of approximately 14,500 s/f of retail space at 2686 Berlin Tpke. The landlord, 2686 Berlin Tpke., LLC, was unrepresented.
Hoffman's Gun Center will be moving from their current Berlin Turnpike store. The new location will include a state of the art indoor range that will provide a training facility for local and state police. Hoffman's also offers private instruction and education in firearm safety, and there will be an NRA certified range officer on duty at all times. They plan to open the new facility by June of 2008.
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.