Messore of Colonial Properties leases 11,400 s/f to Porch & Patio
According to Michael Richetelli, president of Colonial Properties, Inc., Fred Messore has negotiated a lease with Jicwm, LLC d/b/a Porch and Patio at 363 Boston Post Rd. Porch and Patio, a casual furniture dealer and fireplace retail showroom, signed a 5-year lease as the anchor tenant of the property and will occupy 6,400 s/f of retail/showroom space, as well as 5,000 s/f of warehouse/stock area. The building is a landmark property in Orange, as it formerly housed Porch and Patio for over 50 years. The new operator, Jeff Heitman expects to be open for the spring season.
Messore was the sole broker in the transaction, representing the landlord, 363 Boston Post Road Associates LLC.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.