NHG Negotiates $14 MM Sale of Big Y Center

Steven Inglese announced the sale closing of a shopping center that was leased to Big Y grocery store and a Wells Fargo pad site located in Rocky Hill, CT.  The net leased asset sold for $14,612,000 to a private investment fund based in Connecticut who was procured by the New Haven Group. The seller was a partnership comprised of the Demeo and Silvestor families also represented by a listing partnership with New Haven Group and Sentry Commercial.

The property was sold with a Big Y lease that had less than ten years remaining on its lease.  The property was developed in 1998 and is located at 1030 Elm Street on the west side of Rocky Hill, CT.