News: Owners Developers & Managers

Scafati of Press/Cuozzo named exclusive listing broker for 15,242 s/f site

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Albert Scafati, senior advisor, has been appointed exclusive listing agent for 428 South Cherry St., a 15,242 s/f commercial building offering a 7,002 s/f restaurant and 8,240 s/f of warehouse space. The restaurant portion, formerly known as South Cherry Street Restaurant and Catering Facility, was renovated in 2009. There is dining/lounge seating for 100, banquet seating for approximately 250, and a 40-seat patio. The warehouse space, renovated in 1989, provides two drive-in overhead doors and 12' to 14' ceiling heights. There is ample on-site parking at this destination location on Route 5, easily accessible from I-91, Exit 13. Offered for sale at $1.15 million, the property is also available for lease. Press/Cuozzo Realtors, with offices at 2751 Dixwell Avenue, Hamden, CT, and 975 State Street, New Haven, CT, has been serving the greater New Haven area since 1990. Press/Cuozzo Realtors provides the services of a Commercial/Industrial Division, Residential Brokerage, Senior Real Estate Services, and Relocation Services.
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BGO and Seyon complete acquisition of a 134,413 s/f industrial portfolio

Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
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Columns and Thought Leadership
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant