Royal Properties leases 4,400 s/f to Panera Bread in Norwalk
According to Royal Properties, Inc., Panera Bread has leased 4,400 s/f at The Wal-Mart Center located at 652 Main Ave.
This center is anchored with a 120,000 s/f Wal-Mart. Other tenants include Staples, Aspen Dental, Elmer's Wines & Spirits, Vision World and Bank of America.
"Panera Bread is a welcomed addition to Rte. 7 and the Wal-Mart Center. There is enormous visibility here with a traffic count of 32,963 cars per day," said Jeff Kintzer, principal of Royal Properties who along with Craig Benson represented the landlord in this transaction. Jason Wuchiski of RHYS Commercial Real Estate represented the tenant.
Royal Properties, Inc. is a retail brokerage and consulting company specializing in the placement of retailers throughout New York, New Jersey and Connecticut.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant 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.