New England Retail Properties, Inc. (NERP) announces the sale of the Tractor Supply (TSC) store located at 361 Scott Swamp Road (Route 6) in Farmington, Connecticut for a price of $3,625,000. The property was sold through AEI Property Corporation, Chicago, IL. Mark D’Addabbo, President along with Matthew Darling, Vice President of NERP worked together with Ian Harrison of AEI Capital Corporation, Chicago, IL handling the negotiations between the Seller and Purchaser, a private 1031 investor.
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.
New England Retail Properties, Inc. has announced the sale of the Tractor Supply/O’Reilly Auto development located at 2750 Hartford Avenue (Route 6) in Johnston, Rhode Island for a price of slightly more than $7 million.
New England Retail Properties, Inc. has announced the sale of a 12,300 square foot multi-tenanted building located on Route 1 in Ipswich, Massachusetts. The building was situated on a portion of a 22 acre site previously operated as a mini-golf and driving range and initially acquired by an affiliate of New England Retail Properties in April, 2014 to be developed for Tractor Supply Company. Subsequent to the purchase of the property, a lease for the entire building was signed with Galleria Stone & Tile which contained provisions allowing them to purchase the property upon certain conditions being met. Galleria Stone & Tile, which has several locations throughout New England elected to exercise their right to acquire the property in December, 2016 for $950,000.
New England Retail Properties completed the construction of the Tractor Supply in late [...]