Malone Commercial handles two leases totaling 14,595 s/f
Malone Commercial handles two leases. Scarborough Meat House, LLC has leased 3,600 s/f of space from Jentry, LLC at 450 Payne Rd in Scarborough. Mark Malone, CCIM, Malone Commercial Brokers, and Megan Baldacci, Properties Northeast, completed the transaction.
Mercy Hospital has leased 10,995 s/f of space from Charter Westgate, LLC at Westgate Shopping Center in Portland. Malone, completed the transaction.
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.