Heyman Properties Buys Retail Center

FAIRHAVEN, MA-Heyman Properties purchases Fairhaven Common, a retail center here, for $16.7 million. This is the company's second shopping center acquisition in 18 months.

By Naomi Grossman | January 26, 2001 at 01:01 AM

This is the second shopping center acquisition for Heyman in the last 18 months. Kathy Rorick, director of development for the Hartford, CT-based company said in a released statement, "We are in an aggressive acquisition mode."

James M. Koury, vice president at Spaulding & Slye Colliers, represented Heyman in the deal. "The buyer was able to obtain a shopping center with long-term credit leases and a market dominant anchor tenant in Wal-Mart," he noted in a released statement.

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