Michael C. McMillen Of RCG Ventures Acquires Retail Plaza From Michael Weil For $30.6M

The property asset involved in this transaction is a retail space located at 100 Charlton Road, Sturbridge, MA. It was sold for a price of $30,600,000, encompassing a total square footage of 231,197 and translating to a price per square foot of $132.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $30,600,000
• Buyer: Michael C. McMillen - RCG Ventures
• Seller: Michael Weil Director - Global Net Lease
• Square Footage: 231,197
• Price Per Square Foot: $132

This transaction is part of a larger acquisition, where RCG Ventures purchased The Center at Hobbs Brook as part of a $1.1B national retail portfolio deal, showcasing the company's strategy in expanding their retail holdings.