Manchester Center, VT Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have completed the sale of Equinox Square Shopping Center.  Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3.125 million.

Equinox Square Shopping Center is located at 365-369 Depot St. The property was constructed in 1978 and is improved by three buildings with a total of 17,985 s/f on a 1.91-acre parcel. The property is 100% leased to a mix of national retailers and service tenants that cater to the needs of the area residents. The property is anchored by Starbucks and is also home to Jockey, Carter’s, Subway, Body Lab and LX Fitness Club. Three of the tenants (Starbucks, Jockey, and Subway) have net leases and are responsible for reimbursing their pro-rata share of all operating expenses, repairs, and maintenance. LX Fitness is responsible for their pro-rata share of increases in real estate taxes protecting against rising operational costs. Additionally, four of the six leases call for scheduled rent increases in the primary lease term or at the start of the renewal options, providing an increase in revenue and a hedge against inflation. Equinox Square Shopping Center is located on Depot St. (VT Rte. 11), the area’s primary commercial and commuter corridor. The property is .5 miles from Main St. (VT Rte. 7A) and is one mile from US Highway 7, Western Vermont’s primary north-south thoroughfare. Equinox Square Shopping Center is near to Price Chopper and Shaw’s, the area’s two grocery stores and is surrounded by local boutiques, restaurants and cafes, designer outlets, and art and artisan galleries, all of which drive traffic to the immediate area.