News:
Brokerage
Posted: February 25, 2022
Press|Cuozzo Realtors handle $750,000 sale and 3,400 s/f lease
Hamden, CT According to Stephen Press, SIOR of Press|Cuozzo Realtors, the former Park Central Tavern/1640 Wine Bar was sold to Amici Corner Deli LLC.
Press had been marketing the fully equipped bar/restaurant and real estate at 1640 Whitney Ave. The property features a 6,726 s/f building containing a 5,430 s/f restaurant on the main level and one 900 s/f residential unit above, set on .62 acres with ample on-site parking.
The transaction closed at $750,000 with Press as the sole broker representing the seller Sixteen Forty Whitney, LLC and procured the buyer.
Also, according to Press, the free standing 3,400 s/f restaurant at 2308 Whitney Ave. has been leased to Noodle Warriors, LLC.
Long time Asian restaurant operators from CT and DE have partnered to create Roishi Ramen, a high quality yet affordable ramen, sushi and bubble tea concept. The partners were excited to re-deploy the former Roost on Whitney Ave. into a hip restaurant and bar catering to businesspeople, young adult and college students looking for a unique dining experience. Opening projected for March 1st.
The long-term lease was signed in November, with Press representing the landlord, Tri-Star Realty, LLC and Doug Tornatore of Focus Properties, LLC represented the tenant.
MORE FROM Brokerage
Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury
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.
Columns and Thought Leadership
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
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.
September Promotion
