Updated Jun 15, 2026
East Coast Acquisitions Purchases Tri City Plaza Retail Center From Kenneth Bernstein For $62.5M
75 Hartford Turnpike
$62,500,000
$211/SF
Building Size
295,817 SF
Asset Type
Retail
Closing
Jun 12, 2026
About this deal
AI
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.
On the Map
$62,500,000
$211/SF
Retail
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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