Matt Halprin, President and Chief Operating Officer of New England Retail Properties, Inc. is pleased to announce the sale of The Shoppes at Old Saybrook located at 901 Boston Post Rd. (Route 1) in Old Saybrook, CT for $6,750,000.

Halprin was the only Broker and represented both the seller and the buyer in the transaction. The seller of the 94,175 square foot regional shopping center on 8.5 acres is Basser Kaufman Saybrook LLC and the buyer is OSJL of Old Saybrook LLC. The Shoppes at Old Saybrook features regional and national tenants including Ocean State Job Lot, Town Fair Tire, Dollar Tree, O’Reilly Auto Parts and Midas Muffler.

About Basser Kaufman
For over 50 years, Basser-Kaufman has developed, leased and managed retail properties of exceptional quality and distinction. Encompassing more than [...]

New England Retail Properties, Inc. has promoted Matt Halprin to president and chief operating officer, effective immediately. The promotion follows the departure of outgoing co-founder and president, Mark D’Addabbo, who stepped down effective April 1st. Halprin will retain 100% ownership of the company he co-founded in 1987.

Over the past 34 years Halprin has leased millions of s/f of retail space and sold an excess of $250 million of investment properties in all major markets throughout New England and New York. Halprin has also helped to establish New England Retail Properties as an industry leader specializing in retail shopping center leasing, investment sales and tenant representation.

Halprin is a 32 year member of the International Council of Shopping Centers (ICSC) and has served on various ICSC committees throughout his career. As a member of Site Source, a National Brokers network, New England Retail Properties has [...]

SOUTH WINDSOR — Construction of a Costco Wholesale store started Monday at Evergreen Walk in South Windsor. Town Manager Michael Maniscalco said owners of the membership-based retail store are looking to open on Thanksgiving.

Sen. Saud Anwar, D-South Windsor, touted the jobs brought to town during construction and in the new, approximately 163,000-square-foot store. “Costco is already widely known for its policies of strong salaries for workers, with its starting pay at many stores at $16, well above the minimum wage,” Anwar said.

The planning and zoning commission approved the application, including a gasoline station, in November. Alan Lamson, an architect representing Costco, said electrical vehicle charging stations were considered, but owners decided not to install the wiring because customers would not be parked on site long enough to [...]

SOUTH WINDSOR — Construction of a Costco Wholesale store started Monday at Evergreen Walk in South Windsor.

Town Manager Michael Maniscalco said owners of the membership-based retail store are looking to open on Thanksgiving.

Sen. Saud Anwar, D-South Windsor, touted the jobs brought to town during construction and in the new, approximately 163,000-square-foot store.
“Costco is already widely known for its policies of strong salaries for workers, with its starting pay at many stores at $16, well above the minimum wage,” Anwar said.

The planning and zoning commission approved the application, including a gasoline station, in November. Alan Lamson, an architect representing Costco, said electrical vehicle charging stations were considered, but owners decided not to install the wiring because [...]

Wappingers Falls, NY Tractor Supply Co. celebrated the official grand opening of a new store on February 20th. The ceremony began with a ribbon cutting led by store manager, Mike Jensen. There was a vintage 1950’s Ferguson tractor for photo-ops and Country 107.3 WRWD DJ’d the festivities. Discounts and specials were also featured during the event.

The new Tractor Supply Co. store, located at 1261 Rte. 9, was developed by Wappinger Development Partners LLC, an operating company of New England Retail Properties, Inc. who have developed multiple Tractor Supply Co. stores throughout New England and New York.

Mark D’Addabbo and Matthew Darling spearheaded the development from its inception, taking the property through the zoning process and construction phases to store completion.  The store consists of 19,097 s/f of retail space along with [...]