News:
Brokerage
Posted: July 28, 2017
Fradkoff of Angel Commercial sells former Mudrick’s for $1.05 million
Angel Commercial
Stratford, CT Lester Fradkoff, senior vice president of Southport-based Angel Commercial, L.L.C., completed the sale of the former Mudrick’s TV & Appliances Store located at 1480 Barnum Ave., to O’Reilly Auto Parts for $1.05 million.
“The location is ideal for this national retailer,” said Fradkoff, who represented the seller in this transaction. “They will make purchasing auto parts easier and create new job opportunities in Stratford.”
A Fortune 500 company, O’Reilly Automotive, Inc. headquartered in Springfield, Missouri, is the second largest auto parts retailer in the United States. Operating in more than 4,829 stores in 47 states, O’Reilly Auto Parts provides automotive aftermarket parts, tools, supplies, equipment, and accessories serving both the professional service providers and do-it-yourself customers. The company was founded in 1957 by the O’Reilly family.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
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.
Quick Hits
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
End of the year retail thoughts - by Carol Todreas
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.
