Pickering of New England Retail Props. brokers two leases - 4,180 s/f
New England Retail Properties, Inc. recently finalized two leases at 216 Hemlock Ave. The newest tenants will be Kumon Learning Center, a 1,909 s/f Japan-based nationally located learning facility, and Comprehensive Orthopedic and Sports Physical Therapy, a physical therapy facility which leased 2,271 s/f (relocating from its currrent location on Buckland St.in Manchester). Both of the businesses will be joining Vision Salon & Spa in this building on the corner of Hemlock Ave. and Buckland Rd. on the South Windsor/Manchester town line.
Nelson Pickering of New England Retail Properties, Inc. exclusively represented the landlord, Vision Salon & Spa, LLC of South Windsor.
Kumon Learning Center teaches children a curriculum of material spanning from preschool all the way up to college and has approximately 18 locations currently in Connecticut.
Comprehensive Orthopedic and Sports Physical Therapy is a progressive physical medicine and rehab clinic serving the greater Hartford area for over 12 years. They have two Connecticut locations: one on the west end of Hartford, the other in Manchester in the Buckland Hills area.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.