Linear Retail Props. holds grand opening of Yarmouth Wine & Spirits
According to Linear Retail Properties, a grand opening of a relocated and expanded Yarmouth Wine & Spirits store at its Stop & Shop anchored shopping center was recently held. Yarmouth Wine & Spirits has been in operation for 17 years and has just moved from its 3,600 s/f space into the fully renovated 8,960 s/f former CVS end-cap location.
Linear Retail purchased the property in 2006 and in 2008 Stop & Shop Supermarkets replaced Grand Union Family Market as the operator of the center's grocery store.
According to Frank Manoli, the owner of Yarmouth Wine & Spirits, "Business has improved tremendously since Stop & Shop obtained the Grand Union Family Market and we are hoping that moving into the new space will continue to escalate our success."
Linear Retail vice president Gail McNeice said, "With a successful new Stop & Shop supermarket and now one of the largest liquor stores on Cape Cod, we expect to lease the remaining spaces quickly and complete a successful transformation of our center."
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.
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.