Manchester Smithland Included In $10.5 Million Commercial Land Sale

Chris Dehnel, The Patch

MANCHESTER, CT — The property at 33 Adams St. in Manchester that hosts the local Smithland Supply outlet has been sold by Halprin of New England as part of a six-parcel, $10.5 million package.

Matt Halprin, president and COO of New England Retail Properties Inc., made the announcement Friday. He exclusively represented the sellers in the sale of six Smithland Supply Retail locations, all located in Connecticut.

The free-standing Net leased locations were previously operated as Agway Stores and operate as Smithland Supply.

Aside from the Manchester location in the Buckland Hill section of Manchester, the package consisted of locations in Southington, Bethel, North Haven, Middlefield and North Branford.

The original owners are based in Guilford and Agway Stores for more than 25 years before selling their interests in the company in 2016. After retaining property ownership, the owners decided to sell over the past two years, Halprin said.

The buyer was Trio Fund 1 CT Portfolio, of Southport, an investment trust specializing in net lease retail investments.

New England Retail Properties, Inc. is based in Wetherfield, and was founded in 1987. It specializes in shopping center leasing, investment sales, retail and medical tenant representation and single tenant development.

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