NEW ENGLAND RETAIL PROPERTIES, INC. SELLS TRACTOR SUPPLY IN FARMINGTON, CONNECTICUT
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.
NERP acquired the former Frank’s Nursery & Crafts from KIMCO Realty in 2010 and worked with Tractor Supply to fully retrofit the building and grounds to TSC’s criteria. TSC opened in February, 2011 and continues to operate today serving the Farmington, Burlington, Plainville and other surrounding markets.
Tractor Supply founded in 1939 is publicly traded on the NASDAQ and has over 1,700 stores in 49 states. They are focused on fulfilling the lifestyle needs of recreational farmers, ranchers, tradesmen and small businesses as well as those who enjoy the rural lifestyle. When shopping at Tractor Supply, customers can find everything from pet food for small animals and livestock to hardware, tools and clothes for outdoor work or recreation.
New England Retail Properties, Inc., located in Wethersfield, Connecticut is a commercial retail development and brokerage firm founded in 1987. They have exclusively represented and developed millions of square feet of retail space, working alongside a number of national retail tenants in all major markets of New England and parts of New York. The firm specializes in Retail Shopping Center development, leasing, investment sales and tenant representation.
The firm is a member of Site Source, a national broker’s network, allowing NERP through other Site Source affiliated companies throughout the country to provide the highest level of client service in a consistent and professional manner with coast to coast coverage.