News: Connecticut

Baldwin Pearson and RE/MAX Right Choice broker $2.04m in sales

Robert Shawah

 

Luisa Dias

 

111 Wall Street - Bridgeport, CT

Bridgeport, CT Recently the property at 111 Wall St., in downtown, was sold by P&J Realty Inc. to Daniel Pizarro. Robert Shawah of Baldwin Pearson & Co, Inc. represented the owner, while Luisa Dias of RE/MAX Right Choice represented the buyer. The multi-story commercial building fronts Wall St. and John St. and is currently occupied on the street level by two retail tenants. 

This is the third sales transaction in the past 18 months in the Main, Wall, and John St. section of downtown. The new ownership plans on redeveloping the upper stories to apartments and maintaining the street level space for retail, continuing the ongoing trend of major redevelopment in the downtown district. 

The three transactions totaled 22,000 s/f and were sold for an aggregate of $2.04 million. 

The other parcels that were sold by Shawah and Dias include the former Subway restaurant location on the corner of Main and John St., and the current Jimmy’s Army Navy building located on Main and Wall St.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary