FEATURED IN THE REAL DEAL: Northpath Investments nabs Milford Plaza for $11M
After an $11 million deal, a shopping center in Connecticut has a new owner: a New York City-based investment firm.
Northpath Investments purchased Milford Plaza in Milford, Connecticut from the Hampshire Companies, CBRE announced last week. CBRE’s Jeffrey Dunne and David Gavin were among the team to represent the seller and procure the buyer.
Milford Plaza is a 180,000-square-foot shopping center anchored by a G-Mart grocer. Other tenants in the shopping center include Planet Fitness, Dollar Tree and Hartford Healthcare. According to CBRE’s release, the shopping center is about 65 percent leased.
One of the shopping center’s features is its location along the Route 1 retail corridor, which sees more than 31,000 cars drive through per day. Milford Plaza is across the street from a shopping center with a newly developed ShopRite, along with a Total Wine and a Starbucks.
READ THE REST OF THE ARTICLE IN THE REAL DEAL HERE: