Rozier of Kane Co. leases 3,000 s/f retail building to AAA
As part of their expansion plans, AAA of Northern New England has leased a 3,000 s/f stand alone retail building at Tri-City Plaza from Centro Watt.
"AAA's plans to focus more on their retail presence throughout Northern New England includes moving away from the downtown locations to more centralized shopping areas," said Vanessa Rozier, retail specialist for The Kane Co. who brokered the lease. "AAA had many requirements that needed to be met. This effort was made more challenging due to the limited availabilities in the market. In the end we were able to find them a site that exceeded their expectations."
Rozier continues to work with AAA to find relocation space.
Jody Skaff of The Kane Co. listed the space and Rozier represented the tenant.
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.