GVA Williams of Conn. arranges 1,100 s/f lease for Classic Cuts
GVA Williams of Conn. signed a 1,100 s/f lease at 396 Greenwich Ave. for Classic Cuts. Â Co-owned by John and Tony Merrola, brothers, they grew up in the family business, Subway Barber. Â Subway was founded by their father, Giuseppe Perrola, in 1974. Â Classic Cuts opened recently.
The challenge for the family, with such a long Greenwich tradition, was to find affordable space. Â According to Ron Brien, the GVA Williams broker who represents the brothers, "Taking a second floor location with great street visibility enabled Classic Cuts to move closer to the heart of the avenue, but a lower rent."
"We're excited about the space," said Tony Merrola.  "We're in the middle of all the action in Greenwich, close to the train, offices, and stores." Classic Cuts will feature special chairs for children in the shape of cars and airplanes.  They will also serve coffee and espresso. Classic Cuts will be open five days a week, closed Sundays and Mondays.Â
"GVA was pleased to help the brothers fulfill their dream," said Brien. Â "This was their big move to own and manage their own 'classic' barber shop."
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.