Author Archive: clangan

Now leasing 1,604 SF of office or retail space. Located in heart of downtown New Canaan. Walking distance to Metro-North Railroad (MTA). Municipal parking across the street. Landlord undergoing major capital improvements.

A Dunkin Donuts location just off Interstate 91 in Rocky Hill sold for $1.5 million in late December.

Cromwell-based Tres Trai Realty LLC paid $1.5 million for a half-acre retail property at 767 Cromwell Ave. in a deal recorded Dec. 22, according to town records. The property hosts a roughly 1,806-square-foot restaurant building built in 2006.

The property was sold by a limited liability company controlled by New England Retail Properties, a Wethersfield-based commercial retail brokerage and development firm. That limited liability company purchased the land in 2004, according to town records.

Attempts to reach Edward Pine, principal of the buying limited liability company, were not immediately successful Monday. An individual who answered the telephone at the Rocky Hill location said Pine had owned the business prior to December.

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New England Retail Properties announced Monday it has sold a 4.5-acre commercial property in Middletown hosting a Tractors Supply Co. store for $5.8 million.

The sale of the property at 815 Newfield St. has not yet been logged into city records. New England Retail Properties declined to disclose the buyer. The release describes the new owner as a “private investor based in the Midwest.”

The sale includes an ongoing lease to Tractor Supply and will not affect ongoing store operations, according to the seller.

The property includes a 19,097-square-foot building and a 15,075-square-foot outdoor sales area.

The property was developed in 2013 by Middletown Retail Partners LLC, a partnership of New England Retail Properties of Wethersfield and Mack V Development of West Hartford.

LINK TO ARTICLE

Matt Halprin, President & COO of New England Retail Properties, Inc. is pleased to announce the sale of the Middletown, Connecticut Tractor Supply Co. located at 815 Newfield Street, Middletown, CT 06457. The property was sold for $5,860,000. The Tractor Supply property consists of a 19,097 square-foot building plus a 15,075 square-foot outdoor sales area on approximately 4.55 acres.

The property was developed in 2013 by Middletown Development Partners LLC a partnership of New England Retail Properties, Inc. of Wethersfield, CT headed by Matt Halprin and Mack V Development of West Hartford, CT. headed by Mark D’ Addabbo. The purchaser was a private investor based in the Midwest.

About Tractor Supply Co.

Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded in 1938 as a mail order [...]