Vidal/Wettenstein and RHYS Commercial co-broke $1.225 million sale
Bliss Pest Protection Services, LLC has acquired a property at 185 East Ave. The building will be used for corporate and sales offices for the company. The building is 5,600 s/f and sold for $1.225 million or $218.75 per s/f. The seller, Gemini Partners had maintained the property as an investment and decided to liquidate the asset prior to the increase in capital gains took effect.
Bliss, which is family-owned, has been providing pest control to homeowners and businesses in Connecticut and Westchester N.Y. since 1882. According to Adin Martin on behalf of the owners and employees of Bliss, "They are excited about consolidating the Manhattan and Greenwich offices to move as one into the Norwalk community."
Bruce Wettenstein, SIOR of Vidal/Wettenstein was the listing broker, and Christian Bangert of RHYS Commercial represented the purchaser. Counsel for the seller was Brian Rosenfeld, Esq, of Norwalk and for the purchaser, John Bove, Esq, also of Norwalk.
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.