Electric Boat Corp Acquires Retail Asset From Namdar Realty Group For $25 Million In Waterford

The asset involved in this transaction is a retail property located at 850 Hartford Turnpike in Waterford, CT. The transaction was completed at a sale price of $25,000,000, with a total square footage of 535,000. The price per square foot is recorded at $46.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,000,000
• Address: 850 Hartford Turnpike
• Market: Waterford, CT
• Square Footage: 535,000
• Price Per Square Foot: $46
• Buyer: Electric Boat Corp
• Buyer's Representative: Mark Rayha
• Seller: Namdar Realty Group
• Seller's Representatives: Igal Namdar & Jonathan Abda, CH Capital Group & Mason Asset Management

The key individuals involved in this transaction include Mark Rayha, representing Electric Boat Corp as the buyer's representative. The seller side was represented by Igal Namdar and Jonathan Abda from Namdar Realty Group, along with representatives from CH Capital Group and Mason Asset Management.