Halprin of New England Retail Properties sells Goff Brook Shoppes for $6.8 million
Matt Halprin, principal and partner of New England Retail Properties, Inc. brokered the sale of Goff Brook Shoppes for $6.8 million to Goff Brook Real Estate, LLC of Wallingford.
The 71,493 s/f shopping center was built in 1988 and is anchored by Office Depot. Other tenants include Hometown Buffet, SuperCuts, HFC, Catherine's Plus, Ace Beauty Supply and others.
The property was sold by Centro Properties, an Austrialian-based REIT.
Joe French of Sperry Van Ness of White Plains, N.Y. represented the seller, and Halprin represented the buyer.
Lee, NH William Peck of Horvath & Tremblay has facilitated the sale of two multi-family transactions totaling $7.145 million. The Mast Road Portfolio, a 30-unit multi-family portfolio, sold for $5.12 million and 72 Oak St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.