NAI Hunneman brokers 7,040 s/f lease to CrossFit Automile: Minnerly and Osvold represent owner, The Mackin Group
NAI Hunneman, a leading provider of commercial real estate services, recently brokered a 7,040 s/f industrial lease to CrossFit Automile at 661 Pleasant St.
NAI Hunneman's Catherine Minnerly, executive vice president/principal, and Ovar Osvold, associate, represented the property owner, The Mackin Group, and procured the tenant in the long-term lease transaction.
CrossFit offers a strength and conditioning program similar to programs geared toward police academies and tactical operations teams, military special operations units, champion martial artists and other elite and professional athletes.
661 Pleasant St. is a 69,440 s/f warehouse building that includes 28,073 s/f of first-class mezzanine office space and 41,367 s/f of warehouse space. Constructed in 1996, the building features concrete block walls with clear heights that range from 22 feet under the mezzanine office to 28 feet in the rear portion. The building is located just off Rte. 1 in Norwood, and is less than two miles from I-95 and approximately four miles from Rte. 128.
"As is apparent from the inclusion of Automile in their company name, CrossFit's owners are thrilled to be opening in this bustling retail corridor," said Minnerly. "The area offers the right mix of high-volume traffic and easy highway access that is sure to help CrossFit Automile succeed."
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.
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.