Interstate Realty Adv. and Vidal/Wettenstein co-broker 9-acre sale
A. J. Richard & Sons, Inc. with offices in Farmington, N.Y. has acquired the leasehold interest of the 80 Danbury Rd. retail property from Forecast Danbury, LP. The site includes Border's and a former Circuit City which will be the new home for P.C. Richards & Son. Sleepy's Bedding Company had an adjoining space which will be incorporated into the new electronic and appliance store. The property is a 9-acre site located on the busy retail Federal Rd. thoroughfare which include Stew Leonard's, Kohl's, Bob Stores, and other major retailers.
P. C. Richard & Sons has new stores in Norwalk and Milford and is undergoing preparations for an opening in North Haven.
Steven Spector of Interstate Realty Advisors and Bruce Wettenstein, SIOR of Vidal/Wettenstein negotiated the terms and conditions of the Danbury and Milford property acquisitions.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.