Hampe of HK Group sells 2,359 s/f retail site for $5.575 million
A 2,359 s/f retail property at 21 Main St. has been sold for $5.575 million.
The buyer is 21 Main Street LLC and the seller was Haja 21, LLC, that owned the property for just over a year. The single tenant is Henry Lehr, a Main St. clothier for many years, who has a long term lease on the building.
Ted Hampe, chairman of HK Group Commercial Realty represent the buyer. Stephen Westerberg, senior vice president of GVA Williams, Stramford, was exclusive agent for the seller.
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.
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.