Nashua, N.H. — Atlantic Capital Partners has sold a single-tenant retail property located in Nashua, approximately 45 miles north of Boston, for $22.5 million. Whole Foods Market occupies the 44,538-square-foot building, which is situated within Webster Square, a 182,348-square-foot shopping center. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.
Salem, N.H. — Four new tenants have signed leases at Tuscan Village, a 170-acre mixed-use development underway in Salem, approximately 30 miles north of Boston. New tenants will include Whole Foods Market; wellness and recovery studio SWTHZ; gift and lifestyle boutique Festa Studio; and fashion brand Free People. Current tenants include Shake Shack, Sweetgreen, DryBar, Tavern in the Square, The Capital Grille, Pottery Barn, L.L. Bean, Warby Parker and West Elm, among others. Upon completion of the development, Tuscan Village will span roughly 4 million square feet of retail, entertainment, office, …
Windham, N.H. — New Hampshire-based Village Center Properties has completed an 8,700-square-foot retail project in Windham, located near the Massachusetts-New Hampshire border. Known as Village Center Place, the project comprises three spaces, two of which have been leased. The remaining, 3,250-square-foot restaurant space includes patio seating. Sperry Commercial Realty Associates is the property’s leasing agent.
Rochester, N.H. — Torrington has purchased The Ridge, a 300,000-square-foot, open-air retail center in Rochester for $51.3 million. The acquisition was financed through Rockland Trust, and Goedecke & Co. Waterstone Properties was the seller. The Ridge features approximately 30 tenants including Walmart, Market Basket, Marshalls, Hobby Lobby, Old Navy, NH Liquor & Wine Outlet, 110 Grill, Ulta Beauty and Gentle Dental, among others.
Boston — Boston-based Wilder has been selected to provide management services for 74 retail properties across Massachusetts, New Hampshire and Rhode Island on behalf of Linear Retail Properties. With the addition of these properties, Wilder’s portfolio now exceeds more than 100 locations, ranging from Maine to Florida.
Concord, N.H. — CrownPoint Partners has facilitated the $7.5 million sale of a single-tenant retail property located at 20 D’Amante Drive in Concord. Shaw’s Supermarket has occupied the 65,868-square-foot building for nearly 25 years. Nearby retailers include Walmart Supercenter, Sam’s Club, ALDI, Petco, Dick’s Sporting Goods, Best Buy, Michaels and Ocean State Job Lot. Julius Swolsky and Shannon Bona of CrownPoint Partners, in association with ParaSell, Inc., represented the seller, an entity doing business as Concord D’Amante LLC and an affiliate of ARCTRUST, in the all-cash transaction. Horvath & Tremblay represented …
Keene, N.H. and Grand Rapids, Mich. — C&S Wholesale Grocers, a New Hampshire-based food supplier whose brands include Piggly Wiggly and Grand Union, has agreed to acquire Michigan-based SpartanNash, owner of brands such as Our Family and Full Circle Market, in a merger valued at nearly $1.8 billion. The figure represents a purchase price of $26.90 per share of SpartanNash common stock in cash and includes the assumption of SpartanNash’s existing debt. The price marks a 52.5 percent premium over the company’s closing price of $17.64 per share on June …
Salem, N.H. — Five new tenants have signed leases to join The Mall at Rockingham Park, a 1 million-square-foot regional shopping center located in Salem, roughly 30 miles north of Boston. LOFT has already opened at the property, while Kendra Scott and OFFLINE by Aerie will be opening in the fall. Caffe Nero and Five Below are expected to open this summer. Additionally, Lululemon plans to expand its current retail space at the property. Simon owns and operates The Mall at Rockingham Park, which comprises more than 150 stores. Construction …
Manchester, N.H. — Horvath & Tremblay has arranged the $5.2 million sale of South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. Originally built in 1988, the property is fully leased to four tenants including Chipotle Mexican Grill, Mattress Firm, Hannoush Jewelers and The Great Greek Mediterranean Grill. All tenants at the center operate on net leases with scheduled rent increases. Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay represented the seller and procured the buyer in the transaction.
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.
