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Big Y Foods Buys 113K-SF West Hartford Shopping Center Occupied Since 2010
Big Y Foods has purchased Crossroads Plaza, a 112,920-square-foot grocery-anchored retail center located in West Hartford, CT.
Geoffrey Millerd and Mathew Adler of Newmark represented the seller and procured the buyer; Casey O’Brien provided financial analysis support for the transaction.
Crossroads Plaza is anchored by a high-volume Big Y supermarket, which has been operating at the property since November 2010. The remainder of its rent roll is highlighted by service-oriented retailers including locally operated restaurants, a wine/liquor store,The UPS Store and a Webster Bank outparcel with a drive-through.
“Crossroads Plaza is a critical component of a dominant retail node,” said Paul Penman, managing director at Newman. “It is one of four assets, situated at the junction of Route 44 and North Main Street, that combine to create West Hartford’s busiest shopping destination.”
The property is surrounded by a densely populated residential community comprising more than 215,000 people within a five-mile radius.
Image courtesy Newmark
- ◦Sale/Acquisition
