News: Brokerage

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.
MORE FROM Brokerage

Horvath & Tremblay sells three retail properties in New England for $3.65 million

New Milford, CT Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $3,652,529. Brian Ahrens, Aaron Huntley, Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a MyEyeDr in New Milford. Horvath & Tremblay exclusively represented the seller and sourced the buyer
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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.