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Brokerage
Posted: December 22, 2011
Vinci and Riley of H. Pearce Company lease 3,800 s/f at SCB Plaza
Fastenal leased 3,800 s/f of retail space in SCB Plaza, 199 Shunpike Rd. The firm will be relocating its Middletown location to the plaza with an opening planned for January 2012.
Fastenal has 2,500+ store locations. They offer immediate access to locally stocked products, including items that can be stocked for a specific business. They also offer on-site/on-call service from a Fastenal representative who lives in the community. Fastenal is all about using their global distribution strength to be the best local supplier in every market they serve.
Virginia Vinci and Neil Riley of H. Pearce Commercial are the listing agents for SCB Plaza and Jeff Del Favero of Prudential Connecticut Realty represented Fastenal.
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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.
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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.
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