News: Brokerage

O,R&L sells 199 Oakwood Ave. for $640,000 - to be redeveloped into mental health facility

West Hartford, CT According to O,R&L Commercial Real Estate, Dr. Michael Stokes has purchased the property at 199 Oakwood Ave., to redevelop the property into a mental health facility. The purchase price for this property was $640,000.

199 Oakwood Ave. located off I-84 consists of over 9,000 s/f and 35 parking spaces. This building is an attractive redevelopment project in a well-located, under-served and growing part of the city. The building has been vacant since 2018. Previously purchased by West Hartford Dynasty Cuisine Group, LLC in 2023, they had intentions on redeveloping the building as a restaurant, but after they had decided to take their business growth in a different direction they decided to sell the property in 2024.

Thomas Wilks of O,R&L Commercial represented the seller, West Hartford Dynasty Cuisine Group, LLC.

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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

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

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.