Coastal Partners sells 50,000 s/f Hooksett Landing for $10 million

Hooksett Landing - Hooksett, NH

Hooksett, NH Hooksett Landing a 50,000 s/f convenience retail center was sold to Hauppauge Properties a New York-based owner and operator of retail centers throughout the eastern states for $10 million. The buyer and seller were represented by Thomas Ladt, Sambazis Retail Group a San Diego division of Marcus & Millichap.   

Hooksett Landing parallels Hooksett Rd. with two, 4-way, signalized intersections, 2 pylons w/reader board, 30,000 daily traffic counts and visibility. The center was built in two phases commencing in 2008 with a free standing Walgreens followed by 50,000 s/f of local, regional, and national convenience retailer including: Goodwill Industries, Advance Auto, Supercuts, Sub Station, Impulse Nails, NE Tap House & Grill, Verizon, and Santander ATM.

“We were extremely pleased with the performance and professional representation of Tom Ladt and his team in marketing, securing a buyer, and closing the transaction. When you develop a center ground-up you can’t help but get close to your tenants. Hauppauge Properties is a family run company who will maintain the same personalize landlord relationships,” said Michael DiGuiseppe, managing partner of Coastal Partners.

The property has been managed by Fred McFadden of Winslow Property Management and legal and leasing by Robert Orsi of Orsi, Arone, & Rotenberg.