Groton, Conn. — Atlantic Capital Partners, a division of Atlantic Retail, has brokered the $15.1 million sale of Groton Shopper Mart, a 171,858-square-foot shopping center in Groton in southern coastal Connecticut. Big Y Supermarket anchors the center, which was 77 percent leased at the time of sale. Other tenants at the property include Starbucks Coffee, CVS/pharmacy and Chase Bank. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented both the buyer and seller in the transaction. Stephen Joseph and Stephen Hassenflu, also with Atlantic Capital Partners, …
Waterbury, Conn. — Grocer Price Rite has signed a 10-year, 34,000-square-foot lease at Waterbury Shopping Center, a retail center located in Waterbury. William Cafero of Charter Realty arranged the lease on behalf of the landlord, Tartaglia Commercial Properties. Price Rite will occupy a vacant space at the property that formerly housed Ollie’s Bargain Outlet. This marks Price Rite’s first new lease in more than five years.
Mansfield Center, Conn. — The Kislak Co. has brokered the $12 million sale of East Brook Mall in Mansfield Center for $12 million. Built in 1975 and renovated in 2005, the property totals 275,239 square feet, including an enclosed mall, as well as open-air retail space and pad sites. Tenants at East Brook Mall include Old Navy, Kohl’s, T.J. Maxx and Michaels. Barry Waisbrod of Kislak and Andrew Knight of New England Commercial Brokerage represented the seller, America’s Realty, in the transaction.
Egg Harbor Township, N.J. — Spirit Halloween has announced plans to test a new, Christmas-themed concept with the opening of 10 stores. Spirit Christmas stores will feature décor, apparel, inflatables, gifts and stocking stuffers, as well as interactive elements including a life-sized gingerbread village. Scheduled to open beginning in November, the 10 test stores will be located at shopping centers in New Jersey, New York, Pennsylvania, Connecticut and Massachusetts.
Guilford, Conn. — Zelco Properties, the development and acquisition arm of Charter Realty, and Haverford Retail Partners have acquired Guilford Commons, a 123,000-square-foot retail center located in Guilford. Tenants at the property, which was originally opened in 2015, include The Fresh Market, Michaels, DSW, Ulta Beauty, Panera Bread, MOOYAH, Spavia, Pure Barre and Ivy Rehab. T.J. Maxx and Old Navy also recently signed leases at the center. Charter Realty will manage leasing at property.
Norwalk, Conn. — Wegmans Food Markets has announced plans to open a 92,000-square-foot store in Norwalk. Scheduled to open next summer, the new location marks the first in the state for the grocer. Wegmans’ portfolio includes 111 stores along the East Coast.
Branford, Conn. — HB Nitkin Group has sold Lockworks Square, a four-building retail center located in Branford, for $7.3 million. Tenants at the property, which totals 35,600 square feet, include SaltBrick Prime, Lockworks Tavern, Cheri’s Bakery, Digestive Disease Associates, Physical Therapy and Sports Medicine Centers and Branford Tech Team. Will Braun of O,R&L Commercial represented the seller in the transaction and procured the buyer, an entity doing business as 155 New Road Madison LLC. Braun managed leasing at the center on behalf of HB Nitkin Group prior to the sale.
Fairfield, Conn. — Cronheim Mortgage has arranged a $5.5 million loan for the refinancing of Fairfield Shopping Center, a 72,000-square-foot retail center located in Fairfield. Developed in 1955, the property was leased to tenants including Restoration Hardware Outlet, T-Mobile, The UPS Store, Village Bagels and HobbyTown USA at the time of financing. Andrew Stewart, Dev Morris and Allison Villamagna secured the loan through a portfolio lender on behalf of the borrower, Albert D. Phelps Inc.
Alpharetta, Ga. — Metro Atlanta-based Honey Baked Ham Co. has signed a four-unit franchise deal in the Northeast. Locations will include Worcester, Massachusetts, as well as elsewhere in the state and an additional location in Rhode Island. Tom McGwire, great-grandson of the brand’s founder, will own and operate the units, along with his father Tad McGwire and brothers Charlie and Brett McGwire. This will bring Tom McGwire’s Honey Baked Ham portfolio to eight stores, following a previous deal to develop four stores across Connecticut, Rhode Island and Massachusetts.
New Fairfield, Conn. — CBRE has brokered the $6.2 million sale of Heritage Plaza, a 26,403-square-foot retail center located in New Fairfield. Tenants at the property, which was fully leased at the time of sale, include First Step Pre-School and New Fairfield Animal Hospital. Karly Iacono, Dean Rosenzweig and Christopher Betting of CBRE represented the seller in the transaction. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the buyer, an entity doing business as Heritage Acquisitions LLC. The center recently underwent major renovations, including the installation of a new …
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