Author Archive: jpvasellina

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New England Retail Properties, Inc. (NERP) announces the opening of Joey Garlic’s Pizza Restaurant at 31 Redstone Road (Buckland Hills) in Manchester, Connecticut. Matt Halprin, Senior Vice President of New England Retail Properties, Inc., exclusively represented the owners, Y-Cee Manchester, LLC in leasing the property. Joey Garlic’s is a well established local restaurant group specializing in gourmet pizza and oversized Italian style dinners and grinders.

New England Retail Properties, Inc. (NERP) announces the acquisition of 4.02 acres of commercial land at the corner of Beaumont Road and Route 5, North Colony Road in Wallingford, Connecticut for the purpose of developing a small shopping center to be anchored by Tractor Supply Company (TSC) of Brentwood, TN. The site, which is adjacent to the Walmart Superstore, will be home to the newest Tractor Supply prototype, known as the “1 Tractor” prototype which includes all of the latest retail innovations TSC has incorporated into their stores. Some of the newest features include a pet wash complete with shampoo, conditioner and dryers permitting customers to come in and wash/dry their pets; in-store internet; order at home and have it ready at the store for pickup; and home delivery for certain larger items.

New England Retail Properties, Inc. (NERP) announces the acquisition of 4.07 acres of commercial land on Route 112, Patchogue-Middle Island Road in Medford, New York (Long Island) for the purpose of developing a small shopping center to be anchored by Tractor Supply Company (TSC) of Brentwood, TN. NERP, through an associated partnership, acquired the property from Branchbrook Corporation on December 14, 2017, via a 1031 Exchange of a property relinquished in Farmington, CT.

New England Retail Properties, Inc. announces the sale of the Tractor Supply development located at 1313 Main Street in Millis, Massachusetts for a price of $5.8million. The property was sold through AEI, Chicago, IL. The tenant is investment grade and drew significant interest from several groups. Matthew J. Darling, VP of Development at NERP and Ian Harrison of AEI Capital Corporation handled the negotiations between the Seller and Purchaser.

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