Newman Properties acquires 8,500 s/f property 96 Storrs Rd. for $5.85 million

Mansfield CT Newman Properties, in partnership with Atlantic Capital Commercial Real Estate LLC, (ACCRE) has completed the acquisition of 96 Storrs Rd. for $5.85 million.

Built in 2024, this 8,500 s/f commercial asset is located along Main St., offering visibility, frontage, and convenient access near East Brook Mall. The property benefits from direct connectivity to major regional roadways, providing access to Hartford, Providence, and communities throughout eastern Connecticut. Newman Properties and ACCRE are pleased to welcome Aspen Dental, Five Guys, and Chipotle as strong, long-term tenants at the property. Their continued presence further strengthens the asset and its position within the local commercial market.

Newman Properties would like to thank our brokers, Bob Horvath and Daniel Bernandini of Horvath & Tremblay; their attorney, Jessica Heywood of Dwyer Goncalves; and their financing partners at Rockland Trust for their expertise, guidance, and support throughout the transaction.

Newman Properties continues to pursue strategic and innovative real estate acquisition opportunities throughout New England. With a diversified portfolio of residential, commercial, and retail assets, Newman Properties and its affiliates own and manage more than 750 residential units, in addition to numerous commercial and retail properties. To date, the company has acquired and sold more than $500 million in real estate across Greater Boston, the South Shore, and the North Shore. Newman Properties continues to actively expand its portfolio through a range of investment strategies.

, including residential condominium conversions, value-add renovations, long-term buy-and-hold investments, and commercial acquisitions throughout the New England area.