West Lebanon, NH NKF Capital Markets has completed the sale of The Windalier portfolio to The Davis Companies for $27.15 million. Managing director Justin Smith of the NKF Capital Markets Boston office, led by U.S. head of capital markets Robert Griffin and executive managing director Geoffrey Millerd, oversaw the transaction of the three-asset retail offering on behalf of Dead River Properties.
Totaling 230,035 s/f, The Windalier portfolio comprises Kmart Plaza, Miracle Mile Shopping Center and North Country Plaza, all of which are located along or near Rte. 12A, the region’s dominant retail corridor. Presently 96% leased, The Windalier portfolio features an ideal mix of national retailers anchored by Kmart, T.J.Maxx and Jo-Ann Fabric and Craft Stores.
“Encompassing three attractive retail assets within a super-regional shopping hub, The Windalier Portfolio is a highly desirable portfolio that generated a very competitive bidding process,” said Smith. “As The Davis Companies continues to grow its retail portfolio, this sale represented the second transaction our team has closed with the firm in the last four months.”
Located on the New Hampshire-Vermont border with access from I-89 and 91, the town enables shoppers to benefit from New Hampshire’s sales tax-free retail environment and draws consumers from a wide geographic trade area. This super-regional retail destination features five and 10-mile population counts of approximately 23,700 and 48,300 people, respectively.