The asset involved in this transaction is a retail property located at 194 Buckland Hills Drive, Manchester, CT. The property was sold for a transaction amount of $25,800,000 and has a total square footage of 1,050,000, equating to a price per square foot of $25.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,800,000
• Square Footage: 1,050,000
• Address: 194 Buckland Hills Drive, Manchester, CT
• Price Per Square Foot: $25
• Buyer: Igal Namdar - Namdar Realty Group, Elliot Nassim - Mason Asset Management & CH Capital
• Seller: Carmen D. Spinoso - Spinoso Real Estate Group

The transaction was spearheaded by Igal Namdar and Elliot Nassim, representing different firms, alongside CH Capital Group. The seller, Carmen D. Spinoso, is affiliated with Spinoso Real Estate Group. The acquisition followed the default on a $101.75 million loan attributed to the property's underperformance.