News: Brokerage

McGee of Colonial Properties completes four leases totaling 7,350 s/f

According to Michael Richetelli, president of Colonial Properties, commercial sales associate, Brita McGee has negotiated 4 leases totaling 7,350 s/f. McGee represented Papa John's Pizza, who signed a 5 year lease for 2,000 s/f at 112 Boston Post Rd. in Orange. Tyler Lyman of RHYS represented the landlord. Also in Orange, Mercury Medical leased 900 s/f of office space for 3 years at the Firelite Shopping Center, 35 Old Tavern Rd. McGee represented the tenant and Royal Properties represented the landlord. McGee was the sole broker in the leasing of 2,600 s/f at 1590 Boston Post Rd. in Milford. The former location of Village Bagels was leased to Piada Italian Kitchen, who signed a 5-year lease. McGee was also the sole broker in the leasing of 1,850 s/f to Catering By Christine at 906 W. Main St. in Branford for a 2-year lease. Colonial Properties, Inc. is a full-service commercial real estate brokerage firm handling all types of commercial and investment real estate transactions.
MORE FROM Brokerage

Horvath & Tremblay sells Trader Joe’s in Shelton for $7,882,639

Shelton, CT Bob Horvath, Todd Tremblay, Matt Nadler and Jack Laurendeau of Horvath & Tremblay have completed the sale of Trader Joe’s. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $7,882,639 which represents a 4.95% Cap Rate.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

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.