Morizio of Colliers International brokers $4 million sale of Filley Pond Plaza
Filley Pond Plaza, the 58,634 s/f plaza located at 38-40 Tunxis Ave., was purchased by DeLaurentis Management Corporation for $4 million. Nicholas Morizio, SIOR, CRE of Colliers International represented both the seller, Tunxis Fund LLC and the buyer.
What projects, initiatives, or types of work have been keeping your team busiest during the first half of 2026? With the ever-rising cost of real estate, it tends to push regular maintenance of the roofs into the “deferred maintenance” category. This, overall, lessens the value of a purchase on the buyer’s side as well.
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.