Gerstenhaber of Centro Props. leases 10,270 s/f at Waterbury Plaza
According to Centro Properties Group, a 10,270 s/f Dollar Tree recently opened at Waterbury Plaza, located east of James Darcey Memorial Hwy. (CT-8), on Chase Ave. north of Main St.
John Wise of Real Estate Advisors, Southborough, Mass. represented Dollar Tree.
Centro Props. is the owner of Waterbury Plaza and was represented by David Gerstenhaber with Centro Props.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.