WALLINGFORD, CT — The Staples Plaza on North Colony Road in Wallingford has been sold for $7.2 million, according to realtors.
Matt Halprin, President of New England Retail Properties, Inc., announced this week the successful sale of the 100,000-square-foot shopping center located at 1145 North Colony Road in Wallingford.
The seller, CT Properties, LLC, a New York-based investment group, owned the property for more than 15 years. The buyer, Wallingford Plaza Realty LLC, is a New York-based investor with a portfolio of more than 25 commercial properties, according to a news release.
"Staples Plaza features an established tenant roster that includes Staples, Goodwill, Dollar Tree, All Pets Club, and Napoli Pizza," the news release states. "Notably, each of these tenants has maintained a presence at the shopping center for more than 18 years, demonstrating the property's long-standing tenant relationships and established position within the local retail market."
Wethersfield-based New England Retail Properties, Inc. served as the sole brokerage firm in the transaction, representing both parties in the sale.
Sign up for free local newsletters and alerts for the
Wallingford Patch
Patch.com is the nationwide leader in hyperlocal news.
Visit Patch.com to find your town today.