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.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.