News:
Brokerage
Posted: February 24, 2017
Washington Trust provides $33.5 million financing
North Haven, CT Washington Trust’s commercial real estate group provided $33.5 million for the refinancing of North Haven Commons, a five building, multi-tenant retail property.
North Haven Commons is located on Universal Drive North, off of I-91 (Exit 9) in a strong retail corridor. Constructed in 2008, the property is comprised of 196,447 s/f of retail space contained in five separate buildings.
Anchor tenants include Best Buy, Big Lots and Toys “R” Us/Babies “R” Us. Additional tenants include AT&T, Buffalo Wild Wings, Comcast, Froyoworld, Ideal Image, Olive Garden, Petco, Red Lobster and Ulta Beauty.
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Horvath & Tremblay sells three retail properties in New Hampshire for $6.285 million
Franklin, NH Horvath & Tremblay has completed the sale of three retail properties in New Hampshire for a total of $6.285 million. Jake Mabardy, Aaron Huntley and Brad Canova of Horvath & Tremblay have completed the sale of Franklin Shopping Center. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $3.595 million.
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.
