Updated Sep 3, 2026
East Coast Acquisitions Purchases Tri-City Plaza In Vernon Connecticut For $62.5 Million
30 Talcottville Road & 35 Talcottville Road
$62,500,000
$211/SF
Building Size
295,817 SF
Asset Type
Retail
Closing
Sep 2, 2026
About this deal
AI
30 Talcottville Road & 35 Talcottville Road, located in Vernon, CT, is a retail asset that was sold for $62,500,000. The property encompasses a total square footage of 295,817 and was priced at $211 per square foot. At the time of sale, the shopping center was anchored by ShopRite and was 96% leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $62,500,000
- Square Footage: 295,817
- Price per Square Foot: $211
- Buyer: East Coast Acquisitions
- Seller: Adam Ifshin - DLC Management & Kenneth Bernstein - Acadia Realty Trust
- Broker: CBRE
CBRE facilitated the negotiation of the sale, handling the transaction for the retail shopping center known as Tri-City Plaza. The buyers and sellers were represented by distinguished firms in the retail real estate sector, signifying a notable addition to the East Coast Acquisitions portfolio.
Players
Vernon Rockville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93