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Brokerage
Posted: August 26, 2022
Halprin of New England Retail Properties, Inc. represents Philips International in 9,500 s/f lease to Goodwill Retail Store
Pittsfield, MA Matt Halprin of New England Retail Properties, Inc. represented Philips International in leasing the former Big Lots space located at Allendale Shopping Center to Goodwill Retail Store & Donation Center. Goodwill moved from their previous location on Dalton Ave. next to Jo-Ann Fabrics.
The new retail space consists of 9,500 s/f which is much larger than Goodwill’s previous location of only 2,000 s/f. There is also an additional 9,500 s/f for processing donations, and 4,000 s/f of space in the basement. This gives the retail store and donation center a total of 23,000 s/f.
Goodwill held their grand re-opening event Saturday, July 23rd which included a ribbon-cutting ceremony, a remote prodcast from Live 95.9 (WBEC-FM), a food truck from Smokey Divas barbecue, a step dance performance by Youth Alive, and prize give aways for attending shoppers.
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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
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.
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.