Knowles of SullivanHayes Companies represents CVS in ground lease
Brian Knowles of Farmington-based SullivanHayes Companies represented CVS/pharmacy in a ground lease at the SWC of Rte. 202 and Pleasant St. (Five Corners). The site was an assemblage of two properties - a closed gas station and Pleasant St. Auto. The landlord in the transaction was Pride LP of Springfield.
This site fills a void in the market for CVS and will attract customers from Granby, South Hadley and other neighboring communities.
Site work has begun and CVS expects a 2012 opening.
Knowles represents CVS throughout Western and Central Massachusetts as well as the northern half of Connecticut.
Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community. Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.
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.