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News:
Owners Developers & Managers
Posted: October 6, 2011
Keefe of HK Group brokers $15.4 million sale of 110,000 s/f shopping ctr.
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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