Newman Properties with Atlantic Capital Investment acquire 6,350 s/f tenant-occupied retail building

Enfield, CT Newman Properties, in partnership with Atlantic Capital Investment Commercial Real Estate (ACI), has completed the acquisition of 15 Hazard Ave., a 6,350 s/f retail building positioned in a thriving commercial hub. The property is currently occupied by a strong tenant, Red Robin, providing immediate stability and long-term value. This acquisition marks another milestone in Newman Properties’ continued expansion into commercial investments - expanding beyond the borders of Massachusetts.

The property sits as a pad site to Enfield Commons and benefits from exceptional frontage and visibility along Hazard Ave. 

(CT Rte. 190), the area’s primary commercial corridor, surrounded by a dense mix of restaurants, pharmacies, and national retail operators. Located near I-91 and 0.7 miles from U.S. Rte. 5, the site offers outstanding accessibility and exposure.

Newman Properties and ACI said, “We would like to extend a sincere thank-you to our partners/brokers at Horvath & Tremblay, as well as the sellers at Paramount Realty, whose expertise and guidance made this a seamless transaction. We would also like to thank our attorney Jessica Heywood for all her help, as well as Rockland Trust for the financing.”

Newman Properties is always looking for new and innovative acquisitions. With a distinguished portfolio of residential and commercial properties, Newman Properties and its affiliates, own and manage over 750 residential units as well as numerous commercial and retail properties. The company has bought and sold over $500 million worth of property in the areas surrounding Boston, the South Shore, and North Shore. Currently, the company has projects in the pipeline that include condo conversions, renovations, and add-value projects, as well as buy and hold projects both residential and commercial.