Theroux of Drubner Industrials handles $1.26m retail center sale
Dave Theroux, a broker with Drubner Industrials of Waterbury, sold 515 Watertown Ave.
The property is a retail center anchored by Day-Break and Nardellis Sandwich Shop. There are five units of commercial condominiums in the building.
The buyer, Batista Family Partnership will occupy one of the units for their Dunkin' Donuts corporate offices. The seller was Middlebury Properties LLC, a real estate holding company owned by Greg Wright.
Paul Rodia of Drubner Industrials assisted Theroux with this transaction.
The sale price was $1.26 million.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.
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.