The retail center--at 475 Flatbush Ave.--has a 149,551-square-foot free-standing anchor, along with a Marshall's and Dollar Tree, as well as McDonald's Taco Bell, Popeye's, Polo Tropical and Texas Roadhouse on pad sites. The property, just outside downtown Hartford, is easily accessible to the Interstate-84.
There was a "lot of activity" with "ten competitive offers from strong northeastern buyers," Bands tells GlobeSt.com. The anchor and pad tenants was attractive to buyers, as well as the existing financing--at roughly 4.9%--which is interest-only until June 2015.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
