Retail

Sherman of Angel Commercial sells 5,732 s/f strip center for $2.75 million

Norwalk, CT Angel Commercial, LLC, negotiated the sale of 588 Main Ave., for $2.75 million to an undisclosed investor. The seller was JA Real Property Corp. Inc., whose principal owned the property for 37 years. “588 Main Ave. is a 5,732 s/f neighborhood retail strip center that is fully leased by two long-term national

Allagash Brewing Co. plans to open new offsite tasting room in 2024 at The Downs

Scarborough, ME Allagash Brewing Company purchased seven acres to develop and build a new custom-designed tasting room slated to open in 2024. The future space will be located within The Downs, Southern Maine’s new mixed-use, live-work-play community, located off

Horvath & Tremblay sells three properties in New England for $9.253 million - including $3.02 million sale of O’Reilly Auto Parts and Rent A Center

Sudbury, MA Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have completed the sale of TD Bank. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $5.133 million. TD Bank is located at 407 Boston Post Rd. in Sudbury.

Atlantic Capital Partners brokers $7 million sale of John Fitch Plaza - Smith, Peterson, Koonce and Van Gelder rep. buyer and seller

Fitchburg, MA Atlantic Capital Partners has brokered the sale of John Fitch Plaza, a community shopping center. Located in one of the most densely populated cities outside of Metro Boston, the offering features immediate upside through a repositioning effort. Justin Smith, head of capital markets; Chris Peterson,

Smith of George J. Smith & Son facilitates $2.8 million sale to Genesis at 990 Boston Post Rd.

Milford, CT DeForest Smith, CCIM, SIOR president of George J. Smith & Son Commercial and Investment Real Estate has sold a property for a new Genesis automobile showroom. The property, located at 990 Boston Post Rd., was the former Hooters Restaurant and sold for $2.8 million.

ARC, Inc. completes $6.6 million acquisition of Dodge Crossing - 21,350 s/f center on a 1.3-acre in Beverly, MA

Beverly, MA The Aubuchon Realty Company, Inc., (ARC, Inc.) completed the $6.6 million acquisition of Dodge Crossing. ARC is aggressively pursuing commercial real estate investments throughout the Eastern United States, with a particular focus on retail opportunities.

SRS Real Estate Partners brokers $7.25 million sale of 8,815 s/f multi-tenant retail property at 201 Middlesex Tpke., Burlington, MA

Burlington, MA SRS Real Estate Partners’ National Net Lease Group (NNLG) has completed the $7.25 million sale of an 8,815 s/f, multi-tenant retail property located at 201 Middlesex Tpke. The property is fully occupied by five tenants

Grossman Cos. affiliate purchases 840 Providence Hwy. for $13.3m - sale handled by Waldman & Associates

Dedham, MA According to Dan Waldman of Waldman & Associates, an affiliate of The Grossman Companies, Inc. purchased the real estate at 840 Providence Hwy. for $13.3 million from an affiliate of the Owen family, which had owned the property since 1966.

RK Centers acquires open-air retail property for $13.825 million

Manchester, NH RK Centers has completed the acquisition of the open-air retail property at 777 South Willow St. The building consists of 74,935 s/f on 11.85 acres and is home to two blue-ribbon tenants, Burlington Stores and Michaels. The purchase price was $13.825 million.

JLL arranges $21.5m acquisition financing for Shops at Riverwood

Hyde Park, MA JLL Capital Markets has arranged $21.5 million in acquisition financing for Shops at Riverwood, a 78,000 s/f, fully leased retail center anchored by Price Rite Marketplace.