NAI Hunneman has brokered the sale of 222 Elm St, a 19,000 s/f retail plaza, for $1.9 million.
Chip Denton, senior vice president at NAI Hunneman, was the sole broker on the deal between Milford Elm Trust, the seller, and the buyer, Inex Properties, a multi-disciplinary firm providing management consulting and real estate investment services.
"222 Elm is a highly visible property that is well located and has great core tenants," said Denton. "NAI Hunneman is proud to be a part of the continued economic success of the New Hampshire real estate market."
222 Elm is a fully occupied plaza that serves as the gateway to a retail corridor. Major tenants include AutoZone and Subway.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.