Vernon Shopping Plaza Sells For $62.5 Million

VERNON, — A shopping plaza in Vernon known for its high traffic and variety of businesses has sold for $62.5 million.

Elliott Sasson, a managing member at buyer East Coast Acquisitions, said the deal for the Tri-City Paza closed two weeks ago.

Subscribe

Sasson said the traffic heading in and out made the property desirable.

Tri-City is located at 35 Talcottville Road, known locally as Vernon Circle.

How busy does Tri-City get? Vernon Director of Development Services Shaun Gately said that TJX Corp, which operates anchor stores TJMaxx and Home Goods, called Tri-City its highest traffic area on the East Coast.

The plaza is also anchored by a ShopRite supermarket, Harbor Freight and Staples.

Several restaurants over a variety of cuisines call the plaza home and, when scouting out the area, the franchisees of Jefferson Fry Co. marveled at how busy Tri-City was.

The same went for Jersey Mike's.

Dollar Tree, a Hartford HealthCare urgent care center, Chase, a UPS Store, a dentist and a vision center are also tenants.

Sasson also hailed that balance as making Tri-City a worthy acquisition,