C&W sell Middletown Village to RK Centers for $16.75 million

Cushman & Wakefield arranged the sale of Middletown Village to RK Centers. The Cushman & Wakefield team led by president Robert Griffin, executive vice president Geoffrey Millerd and director Justin Smith, oversaw the $16.75 million transaction of the 98,575 s/f community shopping center. "In addition to its strategic location and superior visibility, the center features a compilation of national tenants including Sports Authority, Michaels, Petco, Barnes & Noble, Eastern Mountain Sports and Sleepy's, making the recently-constructed asset very appealing to RK Centers," said Millerd. "The strong performance of national retailers at Middletown Village, combined with the institutional quality of the center, facilitated significant interest from the investor community and is what ultimately attracted RK Centers to add the asset to its New England portfolio," said Smith.