Witkiewicz of Advance Realty and Smith of George J. Smith & Son broker $1.85 million sale
The Silo Restaurant located at 330 Main St. was recently sold. The sale price was $1.85 million.
The seller was M. F. Santorso and the purchaser was Tucker Farmington, LLC.
The site will be the future home of a CVS Pharmacy.
Nicholas Morizio, SIOR of Colliers International represented the purchaser. DeForest Smith, CCIM, SIOR of George J. Smith & Son, and Joel Witkiewicz, CCIM of Advance Realty CT, LLC represented the seller.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.
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.