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Brokerage
Posted: January 31, 2017
Linear Retail acquires 51,000 s/f Maple Tree Mall for $4 million
Joel Kadis, Linear Retail Properties
Maple Tree Mall - Manchester, NH
Manchester, NH Linear Retail Properties, LLC, has acquired Maple Tree Mall located at 535-555 Hooksett Rd. for $4 million.
Maple Tree Mall is a 51,000 s/f shopping center located 1/2 mile south of I-93, Exit 9, and 1 mile north of downtown Manchester/Elm St. Center tenants include; La Carreta Mexican Restaurant, SalonCentric, Cyr Kitchen & Bath Home Design Center and Papa Gino’s. There is 1,600 - 18,000 s/f available for lease.
Joel Kadis, partner - leasing & development of Linear Retail said, “Maple Tree Mall is ideally located to serve Manchester’s dense residential population and the nearby downtown Elm St. office corridor. We intend to re-position this asset to better serve these customers, including a fascia makeover, parking lot replacement and new signage.”
Jonathan Aron of KeyPoint Partners represented the seller and Aubrey Cannuscio, partner - acquisitions represented Linear Retail.
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