Royal Properties brokers two leases totaling 5,100 s/f at Center Seven
Royal Properties, Inc. signed two new leases for Center Seven at 607 Main Ave.
Massage Envy, a pioneer and national leader of affordable massage and spa services, has leased 3,100 s/f at Center Seven. Nearly a decade ago, Massage Envy was launched to create a completely new category in the wellness industry. There are currently 800 Massage Envy and Massage Envy Spa locations operating in 45 states.
Jake's Wayback Burger, founded as Jake's Hamburgers in 1991, is now expanding nationally and internationally and has leased 2,000 s/f within Center Seven.
"Massage Envy and Jake's Wayback are welcomed additions to Center Seven. There is enormous visibility here with a traffic count of 36,963 cars per day," said Jeff Kintzer principal of Royal Properties, Inc.
Center Seven, a 35,000 s/f shopping center, has a tenant roster which includes Starbucks, Citibank, Planet Pizza, European Wax, and Roosters Men's Grooming Center, amongst others. The property offers great visibility and is ideally located on Rte. 7 with close access to the Merritt Parkway. There is currently 2,500 s/f of space available.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.