Angel Commercial completes three leases totaling 54,900 s/f in Conn.
1-800-PACK-RAT LLC leased 40,000 s/f of warehouse space at 125 Old Gate Lane relocating from a 20,000 s/f space in Stratford.
"The fully renovated Old Gate Lane facility will allow us to continue our efforts to expand our Conn. operations. We are pleased to announce that our recent growth has required us to expand to satisfy the market demand" according to a Pack Rat national spokesperson.
The portable storage and moving company has more than 50 company and franchise-owned territories nationwide and growth is expected to continue with commitments to expand. The Old Gate Lane location is near I-95, which played a role in the site selection according to Jon Angel of Angel Commercial who represented the landlord.
GVA Advantis/Reno Properties represented the tenant.
Potomac Garage Solutions of Conn., LLC has leased 5,400 s/f at 555 Lordship Blvd. in Stratford from 1608 Development LP.
The combination retail/office/industrial space will house the first Connecticut showroom for the company, which specializes in custom, installed garage organization solutions and storage systems. The new building will allow customers to easy access to the showroom. Angel represented both parties in this transaction.
DaVita, Inc., a company providing dialysis services has leased 9,500 s/f of office/medical space at 427 Stillson Road in Fairfield. According to DaVita's regional director of Real Estate, "the site was selected due to its convenient access to both the Merritt Parkway and I-95 and the ability for both patients and staff to be within walking distance of banks, restaurant and shopping on Black Rock Turnpike. Angel represented the landlord in the negotiations while Tom Pulie of USI Real Estate Services represented the tenant.
The new location has gone through a renovation over the past eighteen months.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.