News: Brokerage

Valenti and Calabrese of R. Calabrese Agency broker two leases totaling 8,012 s/f

Tony Valenti, R. Calabrese Agency

 

 

Ralph Calabrese, R. Calabrese Agency

 

Southington, CT Tony Valenti and Ralph Calabrese of the R. Calabrese Agency, LLC completed the opening of a Popeyes Louisiana Kitchen at 1095 West St. The long-term build-to-suit lease will accommodate this franchised 3,000 s/f quick service restaurant. 

Popeyes Louisiana Kitchen is owned by Restaurant Brands International, a publicly traded company that also owns and is the franchisor for Burger King and Tim Hortons. With over 2,600 restaurants in the U.S. and throughout the world, Popeyes has become one of the world’s largest quick service chicken restaurant concepts. Popeyes Louisiana Chicken joins a new Courtyard by Marriott hotel, Nutmeg Credit Union, Southington Orthodontics, and Silk Nail Spa in this recently completed shopping center.

In another transaction, Valenti and Calabrese opened a Chick-fil-A restaurant at 801 Queen St. The long-term ground lease will accommodate their 5,012 s/f quick service restaurant. Chickfil-A is a family-owned and privately held company founded in 1967. With over 2,200 restaurants in 47 states, Chick-fil-A reported over $9 billion in revenue during 2017. Chick-fil-A joins Aldi’s, Chipotle, Go Health Urgent Care, Mission BBQ, Admire Dental and Verizon in this recently completed shopping center.

MORE FROM Brokerage

Sullivan & Sullivan brings 14 Class A office condos to auction

Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
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