 (1).png)
News:
Owners Developers & Managers
Posted: March 8, 2019
HFF completes $12.9 million sale and $10.5 million financing of Clinton Plaza
Clinton, CT Holliday Fenoglio Fowler, L.P. (HFF) completed the $12.9 million sale and the $10.5 million financing of Clinton Plaza, a grocery-anchored shopping center totaling 100,360 s/f.
The HFF team marketed the property on behalf of the seller, JMH Associates LLC, and procured the buyer, Jerome Properties 215, LLC. Additionally, HFF secured the 10-year, floating-rate acquisition loan through a local bank.
Clinton Crossing is located at 215 Main St. The 92% leased center is anchored by Stop & Shop supermarket and T.J. Maxx and includes a Dunkin’ Donuts out-parcel.
The HFF investment advisory team representing the seller included senior managing director Jim Koury.
HFF’s debt placement team representing the buyer consisted of senior director Porter Terry.
MORE FROM Owners Developers & Managers
Blair Talbot Motors celebrates opening of new Dover facility designed and built by PROCON
Dover, NH Blair Talbot Motors celebrated the grand opening of its new facility at 34 Industrial Park Rd., marking an exciting new chapter for one of New England’s premier destinations for European automotive service and professional vehicle storage.
Quick Hits
 (1).png)
Columns and Thought Leadership
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated