Marcus & Millichap arranges $9.45 million sale of Union Square

Marcus & Millichap Real Estate Investment Services, one of the nation's largest real estate investment services firms, has completed the sale of Union Square, a 55,901 s/f retail property, according to J.D. Parker, regional manager of the firm's Manhattan office. The asset commanded a selling price of $9.45 million. Seth Richard, from Marcus & Millichap's Manhattan office, and Laurie Ann Drinkwater, from the firm's New Haven office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Drinkwater and Richard. Union Square, located at 385 Main St. South, is in immediate proximity to all of the municipal facilities, as well as educational facilities.