News:
Brokerage
Posted: November 21, 2025
O,R&L Commercial brokers retail/bank building sale - $1.325 million
Branford, CT O,R&L Commercial has sold a 6,167 s/f retail / bank building located at 61 North Main St. on 0.95 acre. Located on one of the city’s most highly traveled commercial corridors Rte.1, the two-story banking location offers visibility, strong traffic counts and direct access to the town center and I-95. This freestanding brick building sits on a prime commercial lot and is surrounded by national retailers, local businesses, and amenities. There is 2,552 s/f of the building currently occupied by Ascend Bank (formerly known as Guilford Savings Bank / GSB), featuring walk-in and drive-through banking. The remaining available space in the building is flexible interior space and is suitable for a variety of retail or office uses, consisting of 1,801 s/f on the first floor and 1,790 s/f available on the second floor with elevator access.
J. Richard Lee and Sam Crampton of O,R&L Commercial represented the seller, Ascend Bank and Sam Crampton and Will Braun also of O,R&L Commercial in Branford represented the buyer, 61 NMS LLC. The property transferred for $1.325 million and O,R&L Commercial is representing the new owner for the leasing opportunity.
MORE FROM Brokerage
Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
Quick Hits
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
End of the year retail thoughts - by Carol Todreas
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.
