Paramount Partners completes Phase one leasing at The Pavilion and begins construction
According to Paramount Partners, Phase one leasing at the Pavilion is now complete, upon the lease signing of White's Bakery. White's joins Buffalo Wild Wings, Hair Cuttery, Weight Watchers, Orange Leaf and Capriotti's.
As construction is beginning on Phase one, leasing for Phase two of this center is underway.
Exclusive marketing agent Deborah Meyers, principal of Paramount Partners, has been very pleased with the leasing activity. "The signing of White's Bakery and the completion of Phase one, has created a lot of excitement surrounding the rollout of Phase two. We already have one lease close to signing and are entertaining many other proposals for the remaining few spaces." The Pavilion, offering the benefit of superior visibility and access with is location directly on School St., is generating a lot of buzz among retailers."
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.
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.
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.