New England Retail Properties sells Tractor Supply/O’Reilly Auto for $7 million

Johnston, RI New England Retail Properties, Inc. (NERP) has completed the sale of the Tractor Supply/O’Reilly Auto development located at 2750 Hartford Ave. (Rte. 6) for $7 million.

The property was sold to a combination of groups led by the Columbia Delaware Trust. The tenants are both investment grade and drew significant interest from several groups. Matthew Darling, vice president at NERP handled the negotiations between the seller and purchaser.

The team at New England Retail Properties acquired and developed the Tractor Supply store in 2013 demolishing the former Johnston Motel to construct the Tractor Supply and subsequently worked with Miles Gatland in securing and constructing the O’Reilly Auto in 2016.

New England Retail Properties, Inc. was the sole real estate broker.

Tags: Brokerage Retail

Reprint

Previous Story Next Story

Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons

Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market

Malone and Boulos renew Norman, Hanson & DeTroy lease at East Brown Cow’s 220 Middle St., Portland

Malone and Boulos renew Norman, Hanson & DeTroy lease at 220 Middle St.

Horvath & Tremblay sells Ellsworth Shopping Center for $4.25 million

Horvath & Tremblay sells Ellsworth S.C. for $4.25m

Klein of Hirsch & Co. leases 17,715 s/f at Meeting Place

Cold-Link Logistics breaks ground for 65,000 s/f expansion in Quonset Business Park

Cold-Link breaks ground for expansion in West Davisville

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Commercial Realty Advisors represents buyer in $1.9m acquisition of 645 Main St., Dennis Port

Columns and Thought Leadership

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.

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.