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Boston & New England  + New England  + Retail  |  June 25, 2021
David Cohen
By: David Cohen

DealPoint Merrill Snags 158K-SF Retail Center in Connecticut

Los Angeles-based investment firm DealPoint Merrill has purchased Centennial Plaza, a 158,000-square-foot retail center in Meriden, CONN. Meriden is located in the southern-central portion of Connecticut.

Located at 77 Centennial Plaza, the center was previously anchored by a Stop & Shop grocery store before it closed in November of 2020. In early 2021, the previous owners of the retail center secured approval to build a climate-controlled self-storage facility at the center. The center was built in the 1960s.

Joe French and Kodi Traver of Marcus & Millichap represented DealPoint Merrill in the transaction. The seller was undisclosed. The new ownership plans to implement a $5.2 million renovation at the 11-acre property.

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Inside The Story

Marcus & Millichap’s French

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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