News: Brokerage

O,R&L Commercial completes two industrial leases totaling 23,886 s/f

North Haven, CT O,R&L Commercial has arranged two recent industrial leases totaling 23,886 s/f at 222 Universal Dr., strengthening occupancy at the property. Situated in one of the town’s most accessible commercial corridors, Universal Dr. offers proximity to I-91, logistical connectivity, and a flexible building layout — making it an ideal location for production, warehouse, and service-based users.

O,R&L Commercial represented the landlord, Corporate Drive Properties LLC in both transactions working closely with ownership to position the property. The O,R&L Commercial team consisted of Sam Crampton in the O,R&L Branford location and Luke Massirio and Jay Morris of O,R&L’s Rocky Hill location.

A 13,687 s/f industrial lease has been leased to Washout Prints, a growing printing and production company expanding its operations in the region represented by Casey Fisher of Houlihan Lawrence Wareck and D’Ostilio of Branford.

SwiftX has leased 10,199 s/f at the property. SwiftX is a last mile delivery company primarily servicing the needs of Temu, a multibillion-dollar seller of goods. They were represented by Nick Leon of Sentry Commercial in Hartford, CT.

MORE FROM Brokerage

Repeatable routine in commercial real estate - by Daniel Gardner

For some context, I quit a perfectly good salary-and-benefits job with roughly $500 to my name. Looking back, it was either incredibly brave or one of the worst financial decisions of my life. Fortunately, it worked out. Remember, I have a real estate license now in addition to that $500, and I was now working as a rental agent in Newton Centre.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

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.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.