The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has arranged the sale of a 34,000 s/f supermarket and 5,000 s/f of adjacent retail space located at 8 Washington St. The sale was made to Crosspoint Associates Inc.
Situated in the college town, the shopping plaza is anchored by Shaw's supermarket, one of the longest continuously operating supermarket companies in the United States, and features several local retailers. The property which was 95% occupied at the time of the sale offers visibility, signage and parking.
"The property's convenient location within the center of town and the communities desirable demographics coupled with its strong occupancy rates made this an attractive deal for the buyer," said Ray Ayers, investment manager for The Hampshire Cos.
Nathaniel Heald of CBRE, Inc. represented The Hampshire Cos. in the transaction.