Looney of Sperry Van Ness completes $1.845m sale of Twin Bridge Plaza
Mark Looney of Sperry Van Ness/Fini Group has completed the sale of Twin Bridge Plaza at 501 Daniel Webster Highway.
The multi-tenant retail and professional center consists of 14,078 s/f and is 100% leased.
Looney represented the seller, Chesapeake Development, and Merit McIntyre of Northway Real Estate represented the buyer, 501 DWH, LLC.
According to registry records, the sale price was $1.845 million.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.