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Brokerage
Posted: October 27, 2011
Keefe of HK Group brokers $15.4 million sale of 110,000 s/f shopping center
Matthew Keefe, president of HK Group, sold a 110,000 s/f Stop & Shop/Rite Aid community shopping center at 200 New Hartford Rd. for $15.4 million to a group of investors based in Greenwich.
The shopping center is 90% occupied. The new owners are already negotiating to lease the vacant space.
The seller was St. Marks, LLC of New York, NY.
"This was a tremendous deal on both sides and a great indication that there is an active equity interest in the Connecticut retail market," said Keefe.
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End of the year retail thoughts - by Carol Todreas
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.
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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.
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