The Hampshire Companies Sells Retail Shopping Center in Middlebury, Vermont
Middlebury, VT – The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the sale of a 34,000-square-foot supermarket and 5,000 square feet of adjacent retail space located at 8 Washington Street in Middlebury, VT. The sale was made to Crosspoint Associates Inc.
Situated in the vibrant college town of Middlebury, the shopping plaza is anchored by Shaw’s supermarket, one of the longest continuously operating supermarket companies in the United States, and features several local retailers. The property which was 95 percent occupied at the time if the sale offers excellent visibility, signage and ample parking.
“The property’s convenient location within the center of town and the communities desirable demographics coupled with its strong occupancy rates made this an attractive deal for the buyer,” said Ray Ayers, Investment Manager for The Hampshire Companies. “The sale of the property enabled us to achieve objective returns on our investment.”
Nathaniel Heald of CBRE, Inc. represented The Hampshire Companies in the transaction.
About the Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on the Hampshire Companies is available online at www.hampshireco.com.