Bedford, N.H. — HFF has arranged the $46.1 million sale of The Shoppes at Bedford Mall, a 277,289-square-foot, recently redeveloped, grocery-anchored retail center in Bedford, a suburb of Manchester.
HFF represented the seller, Emmes Asset Management Company LLC, and placed the 10-year, fixed-rate, $30 million loan with Guggenheim Commercial Real Estate Finance LLC for the buyer.
Anchored by Kohl’s, The Fresh Market and Marshalls, The Shoppes at Bedford Mall was fully redeveloped and renovated in 2012, which created new retail space that totals more than half of the center’s square footage. The property is 98.6-percent leased to Staples, Weight Watchers, Pet Supplies Plus, Bob’s Store, Starbucks, Chipotle and Outback Steakhouse. Situated on 21.38 acres, the asset is 4.6 miles south of Manchester, the largest city in New Hampshire.
HFF senior managing director James Koury and real estate analyst Xave Jacoby led the investment sales team representing the seller. The HFF debt placement team was led by Porter Terry, director.