As the exclusive agent for the following retailers, Saugatuck Commercial Real Estate of Westport has negotiated the following leases: Aldi's, an international grocer specializing in private label, high quality products at the best possible prices, will be opening two new locations in Newtown and Rocky Hill. The new AT&T has signed a lease with the Ridgeway Shopping Center in Stamford. Ace Hardware has signed a lease for 12,816 s/f in the Great Road Shopping Center in Bedford, Mass. Massage Envy, a national membership-based massage therapy clinic, awarded North America's Hottest Retailer Award by the International Council of Shopping Centers, has plans to open their second clinic in Conn. in South Windsor. Omni Fitness has renewed its lease in Norwalk at Center Seven and signed four new leases in Rockville Center, N.Y., Riverdale, N.J. as well as Peabody and Mansfield, Mass. Robeks will be opening its fourth store in the town of Fairfield, expanding its coverage beyond the three existing stores in Westport, Darien, and Stamford.
Saugatuck also brokered the following transactions on behalf of landlords. Fairfield County Bank will be opening a new branch at Eastside Commons in Stamford. Flash Pointe has opened on Post Rd. in Fairfield and LaGravinese Jeweler at Grove Street Plaza in Darien.
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 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!
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 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