Keefe of HK Group sells community shopping center for $15.4 million
Matthew Keefe of HK Group has sold a Stop & Shop/Rite Aid community shopping center for $15.4 million to a group of investors based in Greenwich. The Stop & Shop performs very well and is an anchor for the Rte. 44 and Winsted community. The center has 10,000 s/f of vacancy which the new owners are already negotiating to lease.
HK Group specializes in investment brokerage transactions in the tri-state area and New England.
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
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.