Commercial real estate sales soar in New London and Windham counties
.jpg)
10 May 2022
Economic Development
Commercial real estate sales in New London and Windham counties skyrocketed in the first quarter of the year compared to the same period last year, with the number of units sold increasing from 29 to 121, according to statistics from the Eastern Connecticut Association of Realtors.
The median sale price increased a little over 20%, climbing to $275,000.
Association CEO Susy Hurlbert said she talked to Norm Peck of Pequot Commercial, who listed a couple of factors: People are leaving their jobs for their own startups, so leasing for small spaces has gone up a lot, and Electric Boat's expansion has added to the difficulty of finding industrial space in the area.
More Topics
Nestled along the Noank shoreline, the critically acclaimed Abbott's Lobster in the Rough has been a staple for seafood lovers for three-quarters of a century.
Celebrating its 75th year of operation at 117 Pearl St., Abbott's opened for the season last Friday, and on Sunday people bundled up in winter coats celebrated Mother's Day by sitting at one...
New Pfizer site lead shares role Groton employees played in COVID-19 drug development — and what’s next
Apr 29 2022When Pfizer was developing and testing the COVID-19 antiviral pill Paxlovid, the first molecule was analyzed in Groton. The initial studies to determine the potency were done in Groton. The regulatory work needed to file for emergency use authorization was done in Groton.
And for the COVID-19 vaccine before...
Treetop Thrill Seekers Reach New Heights
Apr 26 2022Gina Bertucci envisioned a 'higher' purpose for the former Fields of Fire property at 715 Noank-Ledyard Road in Mystic.
Bertucci is the owner of TreeTrails Adventures, a Pennsylvania company that operates three aerial parks in that state as well as provides various services for other aerial park operators. Her company...
