May 17, 2019 – Jeremy Black, Bob Horvath, Todd Tremblay, and Matthew Nadler of Horvath & Tremblay have successfully completed the sale of Northern Hills Plaza in Manchester, Connecticut. Horvath & Tremblay represented the seller to close the transaction at a sale price of $4,950,000.
Northern Hills Plaza is comprised of two, single story retail buildings in 11,980-square feet. The property was constructed in 2002 and is fully leased to three retail tenants: Men’s Warehouse, Vitamin Shoppe, and Sprint. Northern Hills Plaza is a highly visible retail plaza prominently located on Buckland Hills Drive. The Property shares an entrance at a signalized intersection with a Target Superstore and Lowe’s Home Improvement Center. The intersection also provides one of the primary entrances to the 1.2 million square foot Shoppes at Buckland Hills mall. There are approximately 145 shops and restaurants in the mall, as well as seven anchor stores, including Macy’s, JCPenney, Dick’s Sporting Goods, Sears, H&M, and Barnes & Noble. The Property is well-located in a densely populated area with over 129,000 people within a 5-mile radius and an average household income of over $90,900.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.