East Coast Acquisitions Purchases Tri City Plaza Retail Center From Kenneth Bernstein For $62.5M

East Coast Acquisitions acquired Tri City Plaza, a grocery-anchored retail center located at 75 Hartford Turnpike, Vernon, CT. The transaction was valued at $62.5 million and encompasses a total area of 295,817 square feet with a price per square foot of $211.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $62,500,000
• Buyer: East Coast Acquisitions
• Seller: Kenneth Bernstein - Acadia Realty Trust
• Broker: CBRE

The transaction involved CBRE National Retail Partners, which represented the sellers in this deal, facilitating the transfer of ownership from DLC and Acadia Realty Trust to East Coast Acquisitions.