North Haven, Conn. — Cronheim Mortgage has secured a $23.5 million permanent loan for North Haven Pavilion, a 148,277-square-foot shopping center located north of New Haven. Tenants at the property include Michaels, Wendy’s and Hartford Healthcare. Dev Morris, David Poncia, Allison Villamagna and Andrew Stewart of Cronheim Mortgage arranged the financing on behalf of the borrower, a subsidiary of National Realty & Development Corp., which originally developed the center in 2004. The loan carried a 10-year term and a 30-year amortization schedule.
Plano, Texas — At Home opened three new home decor stores during the month of July. The company’s stores span an average of 100,000 square feet and offer up to 45,000 decor items, including furniture, rugs, wall art and housewares. New openings include a store located at 3400 Calle Cuervo NW in Albuquerque, New Mexico; a store located at 1212 75th St. in the Chicago suburb of Downer’s Grove, Illinois; and a location at 376 Universal Drive in North Haven, Connecticut. The Plano, Texas-based company now boasts a portfolio of …
Monroe and Newington, Conn. — Marcus & Millichap has brokered the sale of two Connecticut retail properties that are net leased to Walgreens for a combined price of $11.7 million. Both properties, which are located in Monroe and Newington, total approximately 15,000 square feet. Nick Geaneotes, Steve Garthwaite and Derrick Dougherty of Marcus & Millichap represented the sellers, both of which were limited liability companies, in the transactions. The trio also procured the undisclosed buyers. Susan Bands of Marcus & Millichap assisted in closing both deals as the broker of …
Ansonia, Conn. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $14 million sale of Ansonia Landing, a retail center located roughly 10 miles west of New Haven in Ansonia. Jim Koury of IPA represented the seller, Ansonia (E&A) LLC, and procured the buyer, RGMZ Acquisitions LLC, in the transaction. Built in 1979, the center was 91.5 percent leased at the time of sale to tenants including Stop & Shop and Ansonia Discount Wine & Liquor.
Fairfield, Conn. — TA Realty has acquired King’s Crossing, an 82,000-square-foot shopping center located in the southern Connecticut city of Fairfield, for $58 million. Built in 2011, King’s Crossing was 97 percent leased at the time of sale to tenants such as Whole Foods Market, CVS/pharmacy, Petco, Five Guys, Sleep Number and Chipotle Mexican Grill. Jose Cruz, Kevin O’Hearn, Danny Finkle, Michael Oliver, Steve Simonelli, Andrew Scandalios and Grace Braverman of JLL represented the undisclosed institutional seller in the transaction.
Waterbury, Ct. — Newmark has completed the sale of Brass Mill Commons, a grocery-anchored power center located in Waterbury, about 23 miles from New Haven. Geoffrey Millerd of Newmark represented the seller and procured the buyer. Mathew Adler of Newmark provided additional support on the transaction and Coley Cannon of Newmark provided financial analysis support. Totaling 204,447 square feet, Brass Mill Commons is anchored by Save A Lot and features retailers including Dick’s Sporting Goods, T.J.Maxx, Michaels, Petco, Barnes & Noble, Ulta Beauty and Buffalo Wild Wings. The property also …
Newtown, Conn. — First National Realty Partners has acquired Sand Hill Plaza, a 163,500-square-foot shopping center located in the southern Connecticut community of Newtown. A 61,450-square-foot Stop & Shop grocery store anchors the center, which originally opened in 1990 and also houses tenants such as T.J. Maxx, Mattress Firm, Verizon, Great Clips and Quest Diagnostics. Justin Smith and Chris Peterson of Atlantic Capital Partners represented the undisclosed seller in the transaction.
Newtown, Conn. — First National Realty Partners LLC has acquired Sand Hill Plaza, a 163,500-square-foot property in Newtown. Justin Smith and Chris Peterson of Atlantic Capital Partners represented the undisclosed seller in the transaction. Located at 228 South Main St., Sand Hill Plaza is anchored by a 61,450-square-foot Stop & Shop grocery store, which has been a tenant at the center since it opened in 1990. Other tenants at the property include T.J.Maxx, Mattress Firm, Verizon Wireless, Great Clips and Quest Diagnostics.
Milford, Conn. — Colliers has brokered the sale of Liberty Rock Shopping Center, a 175,000-square-foot shopping center in Milford, located in the southern central part of the state. Tenants at Liberty Rock Shopping Center include Ocean State Job Lot, Dollar Tree, Walgreens and Taco Bell. John Cafasso and Ian Hunt of Colliers represented the seller and procured the buyer, a locally based development and investment firm, in the transaction. Both parties requested anonymity.
Shelton, Conn. — Urstadt Biddle Properties Inc. has acquired Shelton Square, a 186,000-square-foot shopping center in Shelton, about 10 miles from New Haven, for $33.6 million. Shop & Stop anchors the property with a 67,000-square-foot store and an additional 70,000-square-foot space that formerly housed a Bradlees department store. Other tenants at the center, which was 96.5 percent leased at the time of sale, include People’s United Bank, St. Vincent’s/Hartford Health, Burger King and Sport Clips. The seller was not disclosed.