Prolman Realty and Grubb & Ellis | NNE leasing agents for two retail centers
Prolman Realty, Inc. and Grubb & Ellis|Northern New England have been selected by the Hardman Companies to bring two retail shopping centers to the market.
Merrimack Commons, located on Rte. 3, consists of 86,136 s/f situated on 13.2 acres, and Granite Town Plaza, in Milford, consists of 109,069 s/f situated on 18.3 acres. Both centers are anchored by Tractor Supply and offer unique opportunities for immediate cash flow, as well as redevelopment opportunities.
Dan Scanlon of Grubb & Ellis and Lisa Morrison and Mark Prolman of Prolman Realty, are the agents working on this assignment.
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.
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.
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.