Messore of Colonial Properties completes 3 leases totaling 7,286 s/f
According to Michael Richetelli, president of Colonial Properties, senior vice president - Fred Messore, has negotiated 3 leases totaling 7,286 s/f. Messore represented Nuvita, LLC - a frozen yogurt shoppe, who signed a10-year lease for 2,486 s/f at 477 Main St. located in Clock Tower Square. This is Nuvita's 4th and largest location so far. Other locations include: Orange, Milford and Branford. Royal Properties, Inc. represented the landlord - Clocktower Square #1, LLC in this transaction.
Messore also represented Nuvita, LLC in the leasing of 1,600 s/f at 375 Morgan Lane, Unit 206 in West Haven that will be Nuvita's corporate offices and distributions center. Jeff Dow from Dow Realty Company represented the landlord - Comtios, LLC.
Messore also leased 3,200 s/f at 486 Derby Ave. in West Haven to Lab Logistics, LLC who signed a 2-year lease and plan on using the space as a call center. Messore represented both the tenant and owner - 486 Derby Ave, LLC in this transaction.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.