Milford Plaza Has New Ownership In $11 Million Deal: Report

Milford CT

01 December, 2021

4:21 PM

Description

MILFORD, CT — Northpath Investments has acquired the Milford Plaza shopping center from The Hampshire Companies in an $11 million deal, the brokerage behind the deal confirmed. The transaction was announced Tuesday. CBRE brokered the deal via the seller. The property went for $30 million 13 years ago, records show. The 180,315-square-foot Milford Plaza is located along the Cherry Street-Route 1 corridor. According to the Real Estate Weekly, it is about 65 percent leased and is anchored by the new G-Mart grocer, which features products from China, Korea, Vietnam and Japan, along with Planet Fitness, Dollar Tree and a Hartford Healthcare facility. The plaza is across the street from a newly developed center anchored by ShopRite, Total Wine and Starbucks. CBRE referred to the plaza as a solid location with a good lineup of stores.