News: Brokerage

Russell of Pearce Real Estate secures 5,250 s/f long-term lease to bring VEG for Pets to CT

Orange, CT Carl Russell of Pearce Real Estate has secured a long-term lease for 507 Boston Post Rd.

The commercial real estate transaction will bring an emergency veterinary clinic to the town, augmenting existing veterinary practices in the general area. Russell represented the owner of the free-standing, 5,250 s/f building, which formerly housed Metro Mattress. The new tenant, VEG for Pets, formerly known as Veterinary Emergency Group, LLC., was represented by James Panzarella of Newmark in Manhattan.

VEG for Pets aims to supplement existing veterinary services throughout the region, particularly those providing standard care during regular business hours. VEG for Pets offers 24/7 emergency care for all types of pets “from fur to feathers, and shells to scales,” according to its website.

Its unique concept allows pet owners to see and participate in their pets’ care “taking the scary out of a stressful situation.” The new Orange location, due to open this summer, will add to VEG for Pets’ more than 120 locations throughout the United States and Canada.

Russell is a member of the Society of Industrial and Office Realtors (SIOR) and a Certified Commercial Investment Member (CCIM). He has won multiple awards throughout his decades-long work in the commercial real estate profession.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

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

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.