Kintzer of Royal Properties leases 8,500 s/f to four tenants in Norwalk
Jeff Kintzer of Royal Properties, Inc. has brokered the following deals. Aspen Dental has leased 3,300 s/f at Wal-Mart Center located at 652 Main Ave. (Rte. 7). Aspen Dental is one of the nation's fastest growing providers of dental services with over 300 locations in 22 states and will be a welcome addition to the shopping center. This center is anchored with a 120,000 s/f Wal-Mart, Staples and Bank of America. There is presently a 7,000 s/f end cap opportunity available which is ideal for restaurant use as well as 4,380 s/f inline. "Aspen Dental is a welcomed addition to Rte. 7. There is enormous visibility here with a traffic count of 36,963 cars per day," said Kintzer, principal of Royal Properties, Inc. Sullivan Hayes represented the tenant.
European Wax leased 1,400 s/f and Roosters Men's Grooming leased 1,800 s/f at Center 7 located at 607 Main Ave. (Rte. 7). These two retailers will be joining a tenant roster which includes Starbucks, Citibank and Planet Pizza at the 35,000 s/f shopping center. The property offers visibility and is located on Rte. 7 with close access to The Merritt Pkwy. Farron Roboff of Fairfield Retail represented Roosters.
Dr. Dental has signed a 10-year lease for a 2,000 s/f space at the Shop Rite Shopping Center located at 360 Connecticut Ave. "This center is anchored with one of the busiest supermarkets in the state of Connecticut," said Kintzer. Co-tenants include Barnes & Noble, UPS, GNC, Choice Pets, Angel Tips, and many more.
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.
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.