Richetelli of Colonial Properties sells multi-tenant property for $2.033 million

Milford, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., has completed the following transaction.  Michael Richetelli represented the seller, Milford Post Associates, LLC, in the sale of 1590 Boston Post Rd., a multi -tenant retail property on .81 +/- acres for $2,032,900.

Atlantic Capital Partners finalizes $17.4m sale of anchored Stop & Shop

Framingham, MA Atlantic Capital Partners has completed the sale of the Stop and Shop, a grocery-anchored, multi-tenant shopping center for $17.4 million. Justin Smith, head of capital markets; Chris Peterson, vice president of capital markets; Sam Koonce, vice president of capital markets; and Danielle Donovan, senior analyst

Siegel of IPA completes three-property portfolio sale for $29.5 million

Barnstable, MA Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of a three-property portfolio of single-tenant net-leased assets. The properties are a 122,358 s/f BJ’s Wholesale and a 7,974 s/f Napa Auto Parts store in Jacksonville, FL, and a 9,750 s/f CVS pharmacy in Barnstable. The portfolio sold for $29.5 million.

Bachman and Choate of Colliers complete $8.8 million sale of Mill Plaza

Durham, NH Colliers has completed the sale of Mill Plaza. According to the Strafford County Registry of Deeds, the sale price was $8.8 million. Abigail Bachman and David Choate, of Colliers’ Portsmouth office, represented the seller, Colonial Durham Associates, L.P., in this ‘Call for Offers’ style sale.

Zolotas and Vincent of Herrick Lutts facilitate two leases totaling 7,411 s/f

Beverly, MA Herrick Lutts Realty Partners represented both ownership and tenant in these recent transactions: Nick Zolotas and Rich Vincent of Herrick Lutts Realty Partners secured the lease between owner Winkel Properties and the new tenant, Beverly G. LLC , for retail space at 27-33 Enon St. Formerly a 6,066 s/f Bertucci’s Italian Restaurant, the two parties have entered into a long-term lease with options to extend.

Horvath & Tremblay brokers $15.3m sale of a 125,400 s/f Lowe’s

North Providence, RI Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Lowe’s Home Improvement. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $15.3 million, a 6.53% cap rate.

The Boulos Company facilitates 10,768 s/f lease for Five Below

Topsham, ME Five Below leased 10,768 s/f of retail space at the Topsham Crossing Center, bringing the complex to 100% occupancy for the first time since Bed Bath & Beyond relocated to Brunswick in 2016.  Derek Miller, Brice O’Connor, and Sasha Phillips of The Boulos Company represented the landlord, Bridge33 Capital, in the transaction and Jim Bagley with Atlantic Retail represented the tenant. 

Capital Group Properties arranges 1,700 s/f lease for Smoothie King

Maynard, MA Capital Group Properties have facilitated a lease signing with Smoothie King at Maynard Crossing, a premier new 300,000 s/f mixed-use development anchored by Market Basket. This new location, slated to open in the fall of 2023, marks the company’s first store in Massachusetts.

Penman of Newmark completes sale of Brookside Center - 170,665 s/f

Bridgeport, CT Newmark completed the sale of Brookside Center, a grocery-anchored shopping center. Newmark managing director Paul Penman of the firm’s Boston Capital Markets Group’s retail practice represented the seller and procured the buyer, DLC Management. Newmark co-head of U.S. Capital Markets Robert Griffin and managing director Jon Martin provided additional support on the transaction.

King and Wirt of Commercial Realty Advisors arrange sale of Café Chew

Sandwich, MA Commercial Realty Advisors has completed the sale of Café Chew. The business, assets and real estate located at 4 Merchants Rd. have been acquired by James and Danielle Barber and Chris Carlson and Adrienne Jones, the current owners of the Café Alfresco, in Brewster, Mass.