Derry Meadows Shoppes 35 Manchester Road, Derry, NH |
Derry, NH:
According to Cushman & Wakefield, Derry Meadows Shoppes has sold to
Slate Properties. The Cushman & Wakefield team, led by president
Robert Griffin, executive vice president Geoffrey Millerd and senior
associate Justin Smith, oversaw the $24.4 million transaction of the
Hannaford-anchored retail center on behalf of Katz Properties. The
shopping center is located at 35 Manchester Rd.
"In addition to
Hannaford, Derry Meadows features an ideal tenant roster of strong
national and regional retailers, while sharing access with a recently
constructed Walmart Superstore" said Millerd. Totaling 186,997
s/f, Derry Meadows Shoppes takes advantage of its positioning along
I-93. The site features visibility and combined with Walmart, Derry
Meadows Shoppes is positioned in the regional shopping corridor.
"Derry
Meadows Shoppes was initially constructed in 1999, but was extensively
renovated and expanded between 2000 and 2004," said Smith. "As a result
of these efforts, the center is positioned for long-term success in what
is becoming a dynamic shopping corridor."
Cushman & Wakefield
advises and represents clients on all aspects of property occupancy and
investment. Founded in 1917, it has 250 offices in 60 countries,
employing more than 16,000 professionals. It offers a complete range of
services to its occupier and investor clients for all property types,
including leasing, sales and acquisitions, equity, debt and structured
finance, corporate finance and investment banking, appraisal,
consulting, corporate services, and property, facilities, project and
risk management.
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