Royal Properties brokers two deals totaling 2,725 s/f in Newington
Royal Properties, Inc. has leased two spaces in Jo-Ann's Plaza at 3065-3105 Berlin Tpke.
Kiwi Spoon Frozen Yogurt has signed a 5-year lease for 1,225 s/f facing the Berlin Turnpike. Kiwi Spoon first opened in Wallingford in the summer of 2011, and added two more locations in Southington and Rocky Hill soon after. Their self-service frozen yogurt shop was created with the vision of helping people achieve a healthier lifestyle without sacrificing flavor or fun.
Galaxy Nails has signed a 10-year lease for 1,500 s/f between Planet Fitness and Dollar Tree. New to Connecticut, they are bringing their California expertise to the market.
Jo-Ann's Plaza is a 150,000 s/f center located at a signaled intersection. Co-tenants include Jo-Ann's, Big Lots, Modell's TGI Friday's, GNC, Dollar Tree, T-Mobile, FedEx Office, Planet Fitness and many more.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.