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Brokerage
Posted: March 23, 2018
Saugatuck Commercial Real Estate completes leases totaling 22,204 s/f
Barra Italian Street Kitchen, Bridgeport Avenue - Shelton, CT
Shelton, CT Saugatuck Commercial (SCRE) was successful in bringing new restaurant concepts to the Fairfield County area in recent months:
• Barra Italian Street Kitchen has leased 4,458 s/f (Bridgeport Ave., Shelton, CT). Upscale, casual/affordable, Italian tapas, pizza and gelato.
• Hashi Sushi has leased 2,350 s/f (Forest St., New Canaan). Wide array of authentic Japanese Food including sushi, teriyaki, hibachi.
• Patisserie Salzburg has leased 1,837 s/f (Harbor Point Rd., Stamford). First class, European style bakery and café with locations in Scarsdale & Rye N.Y.
• Barbacoa Smoke House has leased 4,159 s/f (Commerce Dr., Fairfield). Modern fast casual BBQ restaurant with a tech forward approach.
• Arooga’s Grille House and Sports Bar has leased 7,000 s/f (Bridgeport Ave., Shelton). Classic sports bar with 100 TVs and outdoor dining.
• Villa del Sol has leased 2,400 s/f (relocating them in Westport, Post Road West). A Mexican themed family-owned restaurant.
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Sullivan & Sullivan brings 14 Class A office condos to auction
Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
Quick Hits
Columns and Thought Leadership
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.
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.
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