The three properties "are well-positioned within theirrespective markets," according to Cushman & Wakefield brokerGeoffrey Millerd, a retail specialist for the capital marketsgroup. Millerd was joined by C&W principal Robert Griffin andMichael d'Hemecourt in marketing the package for Hayman andprocuring the buyer. Based in Troy, MI, the Hayman Co. had ownedthe properties since 1995, buying them for $8 million.

The largest is Swansea Place, an ell-shaped center with 170,000sf and parking for nearly 900 vehicles. Built in 1974, SwanseaPlace has a prime infill location along Route 6, one of theregion's main thoroughfares. Between that road and the adjacentInterstate 195, the daily traffic count for Swansea Placeapproaches 90,000 vehicles, C&W reports.

"Swansea Place provides investors with significant valuecreation opportunities," says Millerd, citing 110,000 sf of newlyavailable space. Hayman Co. spent about $1.2 million to improve theasset during its tenure.

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