Kane Company leases 10,000 s/f to Consolidated Electrical Distributors
Consolidated Electrical Distributors, Inc. (CED) has leased 10,000 s/f of retail space at 151 Portland Ave. in the former Ralph Pill building across from Guppey Park. CED is an automation and electric control wholesaler. The company offers a wide array of electrical products for use in residential and commercial construction, industrial facilities, and factory automation.
Jean Kane of The Kane Company represented the lessor, PFP Associates, Ltd., and procured the tenant.
Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Jason Arms, a 12 unit multi-family property. Horvath & Tremblay exclusively represented the seller and sourced the buyer in the transaction. The asset sold for $3.3 million.
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.