ICSC Convention:

Arnold Peck, Mark Glassman, Joan Miller, Sandy August and other Arnold Peck Commercial World associates marketed properties to the International Council of Shopping Centers attendees. Over 50,000 real estate professionals and developers attended the 50th Annual ICSC Convention.

Local News:

P.C. Richard & Son expects to open its second Connecticut store in three to four months at the site of the former Linens and Things on the Boston Post Road. The appliance and electronic retailer, with stores primarily in New York and New Jersey, has one Connecticut location in Norwalk. P.C. Richard & Son has been taking over former Circuit City stores. Richard said company officials looked at the former Circuit City in Milford, which is located in the WalMart Plaza, but decided on the former Linens and Things location because it is directly on Route 1. “We think it’s a more visible spot,” Richard said. “And we feel a free standing store is always better for us because we are more of a destination. The Linens and Things building has been empty since the store closed last winter. Community Development Director Robert Gregory said P.C. Richard is a perfect company to fill the empty store. “I think it’s a perfect fit for the location and for Milford,” Gregory said. “P.C. Richard has a name, they have the name and the whistle, that people here are familiar with. They’re family owned, and they pride themselves on customer service.” The building is expected to remain much as it is, with renovations focusing on the interior.
The new store is expected to employ 40 to 50 people, and Gregory said perhaps some of Circuit City’s former employees will be able to find work there. As the city did with Whole Foods when it was preparing to open, it has offered to connect P.C. Richard officials with the state’s Work Force Alliance and Department of Labor, which assists in screening employees, and to even provide space at the Parsons Complex for the company to meet with potential employees. P.C. Richard & Sons sells appliances, televisions, audio and video equipment, computers, video games and similar merchandise.

All roads lead to Arnold Peck’s Commercial World