United Hampshire US REIT Acquires Wallingford Fair Shopping Center From Feldco Development Corp For $21.4M

The property asset involved in this transaction is a retail center located at 846 North Colony Road, Wallingford, CT. The sale closed for a total amount of $21,400,000, encompassing a square footage of 115,000. The property is a grocery-anchored center featuring ShopRite as its anchor tenant, alongside a self-storage facility and Petco.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $21,400,000
• Address: 846 North Colony Road
• Market: Wallingford, CT
• Asset Size: 115,000 SF
• Price Per Square Foot: $186
• Buyer: United Hampshire US REIT
• Seller: Feldco Development Corp
• Brokers: Nat Heald, Jordana Rice Roet, Connor Scott & Kyle Juszczyszyn - CBRE

CBRE facilitated the transaction, contributing their expertise in the sale of retail properties. The deal was noted for its strategic significance, highlighting the involvement of experienced brokers who represented the buyer and seller throughout the negotiation and closing process.