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JLL Arranges Sale of Wallingford, CT Lowe’s-Anchored Center for $20M
JLL Capital Markets has closed the $20.25 million sale of Lowe’s Plaza, a fully leased, 160,000-square-foot retail center anchored by Lowe’s Home Improvement in Wallingford. According to JLL, the property has a diverse internet-resistant tenancy.
JLL represented the seller, Davenport Companies. The JLL Capital Markets Investment Sales Advisory team representing the seller, Davenport Companies, was led by managing director Nat Heald and senior managing director Chris Angelone.
Situated on 26.45 acres on N. Colony Road, Lowe’s Plaza has visibility from more than 26,000 vehicles per day and is approximately 20 minutes north of downtown New Haven, CT. The nearest Lowe’s is more than 10 miles from the property, allowing it to pull from an extended trade area that includes more than 111,800 residents with an average annual household income exceeding $92,000.
- ◦Sale/Acquisition
