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Brokerage
Posted: November 25, 2016
Holliday Fenoglio Fowler (HFF) closes $10.8 million sale of 65,303 s/f
Jim Koury, Holliday Fenoglio Fowler
ShopRite Supermarket - Orange, CT
Orange, CT Holliday Fenoglio Fowler, L.P. (HFF) has closed the $10.8 million sale of a 65,303 s/f ShopRite Supermarket.
HFF marketed the property on behalf of the seller, SH Corp., and procured the buyer, AS Realty, LLC.
The offering consists of a free-standing grocery store fully leased to ShopRite through a 20-year net lease and an auto repair shop. Situated on seven acres at 249/259 Bull Hill Ln. (Rte. 162), the property has a regional draw given its access to both I-95 and Rte. 1, as well as the shadow anchors surrounding the property that include Walmart, Sam’s Club, Best Buy, Target, Kohl’s, and Lowe’s Home Improvement.
The HFF investment sales team representing the seller was led by senior managing director Jim Koury.
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