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.
Narragansett, RI Lila Delman Compass brokered the sale of 121 Kenyon Farm Rd. for $3.6 million. Dan and Nicole Harding represented the sellers, and Ashley Fitzsimmons represented the buyers.
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.