Royal Properties named exclusive broker for 70,000 s/f Clock Tower Square
Royal Properties, Inc.has been named the new exclusive leasing agents for Clock Tower Square.
Clock Tower Square is located at 477 Main St. with close proximity to I-95, Merritt Parkway and I-84.
This 70,000 s/f center is bordered by Newtown, Oxford, Shelton, Trumbull and Easton situated on 8.52 acres. Tenants include FoodWorks Natural Market, Newtown Savings Bank and Tutor Time. Surrounded by retailers such as Rite Aid Pharmacy, Monro Muffler, Starbucks and Edible Arrangements, Route 25 has a traffic count of over 23,000 cars per day.
"We look forward to marketing this center for lease," said Jeff Kintzer, principal of Royal Properties, Inc. There is currently 4 acres available for development as well as 1,243 - 5,300 s/f of retail space available for lease.
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.
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.