NAI Norwood Group leases 4,000 s/f to Northeast Credit Union
NAI Norwood Group has leased the former Gary Blake Motorcars location at 84 Portsmouth Ave. The 4,000 s/f free-standing building was leased to Northeast Credit Union. John Mueller of NAI Norwood Group represented the owner/lessor, Gary Blake.
The tenant, Northeast Credit Union, is a long-term well respected financial services company that sought a long-term tenancy in a high profile location. The tenant was the perfect tenant to fill the vacancy caused by the recent retraction of the auto sales business.
"In the last 18 months, this is the second property that NAI Norwood Group has represented in which Northeast Credit Union became the tenant. We are happy to help match property owners with excellent tenants," said Sarah Carson, marketing director at NAI Norwood Group.
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.