SkyREM Announces Lease Renewal with Bob’s Stores and EMS

I’m pleased to announce a second lease renewal this month: Bob’s Stores / Eastern Mountain Sports, located at 160 Corporate Court in Meriden, CT, has renewed its lease of our 241,333-square-foot property. Once again, we owe special thanks to Timothy J. D’Addabbo of Cushman & Wakefield’s in Hartford for representing SkyREM on the lease renewal.

Both Bob’s and EMS have occupied the building since 1991 and are considered institutions in Meriden. In fact, I can’t imagine Corporate Court without them. Both Bob’s & EMS stores, owned by GoDigital Media Group, use the building as their headquarters and distribution facilities, making it crucial for business operations.

The location, between Boston and NYC, makes the property an ideal distribution facility. It’s adjacent to Interstate 91. Routes 15 and 66, and Interstate 95 is nearby as well.

Focusing on Clean and Renewable Energy

When it comes to sustainability, we put our money where our mouth is. Through our sister company, Sky Power, LLC, based in New York and Philadelphia, we invest in and develop clean and renewable energy solutions. We already have four large solar power plants in New Jersey and Connecticut that supply most of the onsite power needs to our tenants. Plus, there are five megawatts operational on the roofs of the buildings under our ownership, with several more in development.

Our tenants love renewable energy systems as they save them a lot of money. We love the good they do for the environment, making them a win-win for all.

Bob’s Stores and EMS

Constantly Expanding

However, we’re always looking for new opportunities! We love renewing leases with trusted partners and also enjoy finding new properties to invest in. For example, earlier this year we acquired our first property in the Midwest — and we look forward to many more.

Marc Civitillo, Managing Director — Acquisitions and James Pancetti, Senior Acquisitions Associate, run an all-star acquisitions department at SkyREM. I’m grateful to have them on my team and always anticipate new opportunities which they’ll find!

--

--

Alex Dembitzer’s career as a real estate developer, investor, and philanthropist has spanned several decades: http://www.dembitzer.com/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alexander Dembitzer

Alex Dembitzer’s career as a real estate developer, investor, and philanthropist has spanned several decades: http://www.dembitzer.com/