Southwick Crossing Shopping Center reaches 85% occupancy
Southwick Crossing Shopping Center (formerly known as Gillette Corners) located on the Conn./ Mass. border was acquired in 2009 and subsequently underwent renovations by its new owner, Southwick Crossing LLC, a joint venture between partners Mark Draymore and David Flynn of Flynn Properties in Conn.
Since the repositioning they have attracted 10 new tenants to the property, bringing it from 50% occupancy to 85% in less than one year.
The shopping center is located on 4.5 acres at the 4 way lighted intersection of Rtes. 202 and 168. The property is comprised of a 25,000 s/f strip retail center, a McDonald's and a 2,000 s/f drive-thru building.
The corner is also home to Big-Y Supermarket, Ocean State Job Lot, Pride Gas Station and a newly built CVS.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.