Eric Goldschmidt, senior partner at Scarsdale, N.Y. based Goldschmidt & Associates has represented Crate & Barrel in their first retail location in Fairfield County.
The property is located at 1200 Post Rd., just off exit 18 of I95. The ownership was represented by Steven Crowley of SCA Realty.
Goldschmidt reports that his company was given the assignment in the 1990s to search out the perfect location for Crate & Barrel. The search had many "twist and turns" for years until Crowley presented what turned out to be the right location at the right time.
Pam Bren Goldschmidt describes that the transaction took lots of patience and perseverance, but it paid off with the opening of the new 38,000 s/f location.
Goldschmidt & Associates has represented many major retailers in various transactions in the past - Kmart, CVS, Webster Bank, Bed Bath & Beyond, Bank of New York, TJ Maxx and others.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.