Ria K. McNamara leases 6,200 s/f to Advanced Auto at Powder Mill Pl.
Atlantic Management will welcome Advanced Auto to Powder Mill Plaza next month. The 6,200 s/f store replaces a former Dress Barn whose lease expired at the end of 2009.
Powder Mill Plaza is anchored by Stop & Shop which is undergoing an interior remodel at the center.
Ria K. McNamara represented the owner and Martin Benoit represented the tenant, Advanced Auto.
"A 2,000 s/f vacancy is the only space available after Advanced Auto opens at the center," said McNamara.
Powder Mill Plaza is located along Rte. 62 and has a long time tenancy throughout the center.
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.
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.
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.