Twombly of Sovereign Realty leases 7,400 s/f to Manchester Athletic Club
Todd Twombly of Sovereign Realty Advisors leased a 7,400 s/f building to The Manchester Athletic Club. Built this year the building is located in The Whistle Stop Plaza in a prime retail area adjacent to Station Place, another project the company built and leased.
Sovereign Construction handled the build-out for the tenant and also constructed the building for the owner, Braga Management. Sovereign Realty Advisors, formed in 2006, is a wholly owned subsidiary of The Sovereign Group, a real estate, brokerage, development, private equity and construction company.
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
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.