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. (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.
Tractor Supply Co., a national retailer of products for homes, farms and animal owners, is coming to Long Island.
The popular Brentwood, Tenn.-based chain is building its first Long Island store on 3.97 acres on Route 112 and Commercial Boulevard in Medford. Construction is scheduled to start in the first quarter of 2018 and the 19,000-square-foot store is slated to open by the end of the summer.
Tractor Supply also plans to open a second Long Island store in Calverton, for which the developer is currently seeking approvals from the Town of Riverhead.
The Medford site was purchased for $1.6 million. Wethersfield, Conn.-based New England Retail Properties is developing the property for Tractor Supply. The developer/broker has a 3,600-square-foot retail space next to the Tractor Supply store it is currently marketing for lease.
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.
Steve Becker, Broker at New England Retail Properties, Inc., is proud to announce the opening of Artisan Vapor Company’s 4th store in Connecticut in River Centre at 77 Berlin Road in Cromwell, Connecticut. Artisan Vapor joins Goodwill, Randy’s Wooster Street Pizza, Cost Cutters, Vivi’s Nail Salon and more.
The Artisan Vapor Company is a retail store based e-cigarette company with a global presence stretching across three continents. Their global presence includes the United Kingdom and Pakistan and each of their upscale and inviting Artisan Vapor locations feature more than 60 proprietary flavors, handmade in their state of the art lab using only the finest US ingredients. Each store features a comfortable bar style environment that allows customers to try as many of their flavors as they desire. Their other 3 stores in Connecticut are located in [...]