R. Calabrese Agency brokers sublease of former Shaws supermarket
Bob Bowden of the R. Calabrese Agency, L.L.C. has brokered a sublease of the former Shaw's Supermarket on Sylvan Ave. on behalf of Shaw's parent company Supervalu, Inc. The sublessee is a N.Y. based grocer, Bogopa Services Corp., doing business as Food Bazaar Supermarket. The property is owned by Windsor USA, Inc.
The property is a freestanding supermarket consisting of 54,425 s/f of retail space. The property is across from a Home Depot. The building was constructed as a supermarket for Shaw's in 1997.
The Calabrese Agency represented Supervalu. Food Bazzar was represented by Ameriland Realty.
Mansfield, CT Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of a three-tenant retail center. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $5.827 million.
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.