O,R&L Commercial completes sale of 19,608 s/f retail property for $1m
Steve Foote of O,R&L Commercial, LLC recently completed the sale of a neighborhood shopping center and former branch bank totaling 19,608 s/f of retail at 446-450 South Main St. The sale price was $1 million.
O,R&L represented both the seller, South Main Plaza Associates, LLC and the buyer, AKK-7, LLC.
Mansfield, CT Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of a three-tenant retail center. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $5.827 million.
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.