Agree Realty Corporation Purchases Retail Asset At 496 New Haven Avenue Derby For $15.35M

The property asset involved in this transaction is a retail space located at 496 New Haven Avenue in Derby, CT. The sale price was set at $15,350,000, covering a square footage of 141,844, which equates to a price per square foot of $108.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,350,000
• Address: 496 New Haven Avenue
• Market: Derby, CT
• Square Footage: 141,844
• Price Per Square Foot: $108
• Buyer: Agree Realty Corporation
• Brokers: James Koury - Institutional Property Advisors
• Brokers: Henry McKenney - Marcus & Millichap

This transaction involved key players from the brokerage sector. James Koury represented Institutional Property Advisors, while Henry McKenney represented Marcus & Millichap in this deal, facilitating the sale between the buyer and the respective agencies.