News:
Brokerage
Posted: September 28, 2018
Russell of Pearce Real Estate leases 4,806 s/f to Lunch Box 23, LLC
Pearce Real Estate
New Haven, CT According to Barbara Pearce, CEO and president of Pearce Real Estate, Carl Russell, CCIM, SIOR, Sr. commercial broker for Pearce Real Estate, completed a multi-year lease for 4,806 s/f of retail space at 280 Blake St. Both the tenant and landlord, Lunch Box 23, LLC and the landlord at 280 Blake St., respectively, were represented by Russell.
The space will be occupied by Lunch Box 23, LLC, a food truck and food catering service with over 10 years of experience in the area. They plan on utilizing the property for catering and a restaurant. The mission of Lunch Box 23 is to pack as much flavor and experience into their bite sized portions as possible, while using as many farm fresh, local ingredients as they can.
MORE FROM Brokerage
Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
