Marcus & Millichap Facilitates $14.3 Million Sale Of Big Y Plaza In Rocky Hill, CT

Big Y Plaza, a fully leased grocery-anchored shopping center, was sold for $14,300,000. The property encompasses 60,947 square feet and is located at 1040 Elm Street in Rocky Hill, CT. The price per square foot for this transaction was $235.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $14,300,000
• Address: 1040 Elm Street
• Market: Rocky Hill, CT
• Square Footage: 60,947
• Price Per Square Foot: $235
• Brokers: Joseph French Jr. & Jeffrey Stearney - Marcus & Millichap
• Buyer: New York investor
• Seller: Connecticut private company
• Broker of record in Connecticut: John Krueger

Marcus & Millichap was responsible for negotiating the transaction, marketing the property for the seller. The involvement of Joseph French Jr. and Jeffrey Stearne as brokers indicates their role in facilitating this deal.