Manchester, N.H. — Hanley Investment Group Real Estate Advisors has arranged the $1.8 million sale of two newly-constructed single-tenant retail properties in Manchester. Located at 525 and 527 Hooksett Road, the buildings are situated on a 1.2-acre parcel and include a 3,450-square-foot Taco Bell and 807-square-foot Aroma Joe’s coffee shop. Both are occupied on a triple-net-lease basis. Hanley’s Jeff Lefko and Bill Asher, in association with ParaSell Inc., represented the Florida-based private buyer in the all-cash, off-market transaction. The seller was a Burlington, Massachusetts-based private investor.
New Hampshire
Grossman Companies Acquires 9,869-Square-Foot Retail Center in Manchester, New Hampshire
Manchester, N.H. — The Grossman Cos. (TGCI) has acquired South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. TGCI purchased the property for an undisclosed price via its investment fund HIIPCF II. Linear Retail Properties was the seller. Built in 1988, the center features long time tenants including Hannoush Jewelers, Mattress Firm, Chipotle Mexican Grill, as well as a new restaurant, The Great Greek.
Nashua, N.H. —Fashion retailer Nordstrom Inc. has announced plans to open a new, 30,000-square-foot Nordstrom Rack store in Nashua, New Hampshire. Scheduled to open in spring 2025, the store will be situated within Royal Ridge Center. Other tenants at the property include Marshalls, Sierra Trading Post, HomeGoods, PetSmart and The Paper Store. Wilder leases and manages the center.
Horvath & Tremblay Arranges $11.7 Million Sale of North End Shops at Livingston Park in Manchester, New Hampshire
Manchester, N.H. — Horvath & Tremblay has arranged the $11.7 million sale of North End Shops at Livingston Park, a 51,048-square-foot retail center located in Manchester. Bob Horvath, Todd Tremblay, Aaron Huntley and Matt Nadler of Horvath & Tremblay represented the undisclosed seller and procured the buyer in the transaction. Dollar Tree anchors the center, which was developed in 1987 and renovated in 2017. The property is located at 535-555 Hooksett Road and was fully leased at the time of sale.
Salem, N.H. — Anthropologie has opened a new store at The Mall at Rockingham Park in Salem. Totaling 7,685 square feet, this marks the first store in the state for the brand. Simon owns and operates The Mall at Rockingham Park. Other tenants at the mall include FP Movement, DICK’s House of Sport and Earthbound Trading Co.
Salem, N.H. — Retailers Anthropologie and FP Movement, the activewear branch of Free People, have signed leases at The Mall at Rockingham Park in Salem. Anthropologie will occupy 8,000 square feet, and FP Movement will occupy 2,125 square feet. Scheduled to open this fall, the stores will mark the first in the state for both brands. Simon is the owner and landlord of the property.
Merrimack, N.H. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of Merrimack Village Center, an 82,292-square-foot retail center located in Merrimack, roughly 50 miles northwest of Boston. An entity doing business as Merrimack Village Center LLC acquired the property for $16.6 million. Shaw’s anchors the center, which was constructed on 10 acres in 2006. Other tenants include Dental Designs of New England, KT Cleaners, Sweet Ginger, Pizzico, Subway, Hana, Bliss Nail Salon, Smoker’s Haven and Supercuts. The property was 99 percent occupied at the time of sale. …
Newington, N.H. — Morgan Stanley has sold Mall at Fox Run, a 250,000-square-foot mall located in Newington, to Torrington Properties. Tenants at the property include Seacoast Cars & Coffee, Aeropostale, American Eagle, Bath & Body Works, H&M, LOFT, Men’s Wearhouse and Yankee Candle. The buyer previously completed the $11.5 million purchase of a 130,400-square-foot vacant former Sears store at the property in October 2022 and has plans to transform the mall into a mixed-use development.
Enosburg Falls, Vt. and Somersworth, N.H. — Two Tractor Supply Co. Stores comprising 19,097 square feet each have opened in Vermont and New Hampshire. The two stores also each feature 20,000 square feet of outdoor display, retail and garden space. Subsidiaries of New England Retail Properties — both owned and headed by chief executive officer Matt Halprin — have completed the ground-up development of the two properties, following six months of construction. Located in Enosburg Falls, the Vermont store was developed by Enosburg Development Partners LLC. Somersworth Development Partners LLC …
Salem, N.H. —Atlantic Capital Partners has arranged the sale of a 233,008-square-foot retail building formerly occupied by Sears in Salem, located roughly 30 miles north of Boston. The building is situated within the 1 million-square-foot Rockingham Park Mall and currently houses Cinemark Theatres and Dick’s Sporting Goods, which have backfilled 53 percent of the space. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the seller in the transaction. Additional terms of sale were not disclosed.