Real Estate
Shopping Center Sells For $7.2M In Wallingford
Realtors announced the sale of a 100,000-square-foot shopping center in Wallingford.
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.
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“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.
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