BOSTON, MA, November 13, 2013 – HFF announced today that it has closed the sale of Naugatuck Valley Shopping Center in Waterbury, Connecticut, one in a series of upcoming retail sales for the Boston retail team.
HFF exclusively marketed the center on behalf of the seller and identified the buyer, Cole Real Estate Investments, Inc.
Naugatuck Valley Shopping Center is a 382,864-square-foot, Stop & Shop and Wal-Mart-anchored shopping center situated on 50.51 acres at 950 Wolcott Street approximately 2.5 miles north of Interstate 84 in Waterbury.
The HFF team representing the seller was led by senior managing directors Jim Koury and Coleman Benedict.
“The sale of Naugatuck is the first in a series of retail deals HFF’s Boston Retail Group is expecting to close over the next several months,” said Koury. “It’s been a busyyear for our Boston retail team with more than $135 million in retail sale transactions totaling more than 1.0 million square feetclosed thus far in the past 90 dayswith additional retail transactions totaling more than 2.8 million square feeteither in marketing or expected to close over the next several months by the Boston team.”
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sles and commercial loan servicing. For more information please visit www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.