Category: Sales

NORTH CONWAY, NH | January, 2025 – Matt Halprin, Chief Executive Officer and  Principal of New England Retail Properties, Inc. exclusively represent Conway Development Partners LLC and Robert Horvath and Matt Nadler of Horvath and Tremblay represented the Buyer GOOSEFARE CROSSING LLC in the sale in North Conway New Hampshire.

The TRACTOR SUPPLY was developed by CONWAY DEVELOPMENT PARTNERS LLC  and was opened in February 2024. Matt Krokov Vice President of PEOPLES BANK OF HOLYOKE MASS had provided the financing. The Attorney for the Sellers  was Tom Moriarty  from Glastonbury, CT and The Buyer was Represented by Attorney Paul Weinstein from Saco Maine. Matt Darling of Palm Coast Capital , Orlando Florida served as the construction consultant of the project which was Built by WR Newman from Nashville Tennessee.

The Tractor [...]

WEST HARTFORD — The former CVS in West Hartford Center has sold to Market Hospitality Group for $5.25 million and will be turned into an “upscale” restaurant. The announcement of the sale by New England Retail Properties comes a year after the pharmacy closed.

CVS announced it was closing the store last year, saying that factors for the closure included “local market dynamics, population shifts, a community’s store density, and ensuring there are other geographic access points to meet the needs of the community.”

The buyer of the 9,100-square-foot property at 978 Farmington Ave. is described as “a leading operator of upscale dining establishments throughout the Northeast,” already operates eight “unique dining concepts,” including Mercato, Blu Pointe, Beso Taco Bar, and Market Place, which already has Connecticut locations.

The release didn’t state whether the CVS would become one of the restaurant’s [...]

VERNON, CT – Construction has begun in Vernon to transform a long-vacant parcel next to a massive apartment complex on Route 83 into a daycare center.

The 1.57-acre parcel sits at 273 Talcottville Road, the local address on Route 83.

Matt Halrpin and Kerry Wood of New England Retail Properties, the brokers in the deal, said the buyer of the property, Chicago-based InSite Real Estate Group, acquired it from the holding company 273 Talcottville Road LLC, which developed the adjacent Trail Run Apartment complex.

The sale price was not disclosed. Vernon Economic Development Director Shaun Gately identified the center as a KinderCare outlet.

A driveway cut is already present at the construction site on the Trail Run access road, which is serviced by a traffic light on Route 83.

Wethersfield-based New England [...]

A daycare developer has purchased land in Vernon, according to information from the broker involved.

Chicago-based InSite Real Estate Group recently closed on purchasing the 1.57-acre parcel at 273 Talcottville Road, also known as Route 83. The company plans to develop the property into a new daycare facility, according to New England Retail Properties Inc.

Matt Halrpin and Kerry Wood of New England Retail Properties were the exclusive brokers in the sale on behalf of the former property owner 273 Talcottville Road LLC.

Halprin and Wood represented the seller exclusively and obtained the buyer.

LINK TO ARTICLE

The borough of Naugatuck has purchased for $1.1 million the former Bank of America building at 275 Church St.

Naugatuck Mayor N. Warren “Pete” Hess said the use of the newly acquired property will be determined by the Board of Mayor and Burgesses at its next meeting on Oct. 4. The property will likely be used for a a variety of community events, he said.

Hess said that purchasing the property, which includes parking in downtown Naugatuck, allows the borough to “determine the destiny” of the site rather than leave it up to the open market.

Meanwhile, the borough is reviewing responses to an RFP for the sale of the Naugatuck Events Center and plans to finalize an agreement with a buyer soon.

The former Bank of America branch was built in 1975 and consists of [...]