Shair of M&J Commercial arranges 1,720 s/f lease for Elizabeth Grady
According to Mark Shair, president of M&J Associates, Elizabeth Grady has opened at The Shops At Ocean's Gate. The shopping center is 40,000 s/f and is located at the corner of Rt. 139- Ocean St. and Webster St. in downtown.
Elizabeth Grady occupies 1,720 s/f and is located facing Ocean St. They are the largest skin care salon chain in N.E. They operate 40 locations in Mass., Conn. and N.H. They offer full service skin treatments including facials, waxing, make-up, nails and massage. According to Shair, "Elizabeth Grady fits into the towns demographic perfectly and will be well received in these communities."
The development team are the developer - Diamond/Sinacori LLC; architect - Utile, Inc.; general contractor - CB Construction Co.; financing/lender - Century Bank; and exclusive leasing agent - M&J Associates, Inc.
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.
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.
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.