Galvin of H. Pearce Commercial Real Estate leases 3,992 s/f to Fitness Club LLC
According to H. Pearce Commercial Real Estate, Joel Galvin leased 3,992 s/f at 50 Main St. to Fitness Club LLC which is moving from a Rte. 1 location.
Galvin represented the landlord, Lucien Grenon, and Penny Parker of William Raveis Real Estate of Old Saybrook repreented the tenant.
The lease is for a five year period.
Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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.