Remic Props. signs 10,000 s/f lease with Aubuchon at 832 Stevens Ave.
Remic Properties has signed a lease with Aubuchon Hardware for 10,000 s/f at 832 Stevens Ave. in the Morrills Corner neighborhood of Portland. This location is a relocation for Aubuchon of a smaller store in the same neighborhood.
Aubuchon Hardware is a 102- year-old, family run company with 125 stores throughout New England.
Mark Malone of Malone Commercial Brokers of Portland represented the landlord and Greg Moran of Aubuchon represented the tenant.
Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.
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.