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| Hood Commons Shopping Center, 55 Crystal Avenue, Derry, NH |
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| Jim Koury |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged
financing for Hood Commons, a
208,805-square-foot, grocery-anchored shopping center in Derry, New Hampshire.
HFF marketed the property
on behalf of the seller, NG Hood Commons LLC, and procured the buyer, an
affiliate of New York-based Northeast Capital Group. Additionally, HFF assisted the new owner in
securing a 70 percent loan-to-value, 3.79 percent, 10-year, fixed-rate
acquisition loan with additional good news fundings.
Hood Commons occupies a
23-acre site at 55 Crystal Avenue in
Derry, New Hampshire, a bedroom community just 32 miles north of Boston. Fronting the heavily traveled Route 28, the
property has daily traffic counts of 15,000 cars per day and has a five-mile demographic
profile of nearly 60,000 people with an average household income of more than
$90,000.
The property is two miles
from Interstate 93, allowing the site to draw from a broad geographic region
including communities in both northern Massachusetts and southern New
Hampshire. Renovated in 2015, Hood
Commons is 86 percent leased to tenants including Shaw’s Supermarket, Big Lots,
Tractor Supply Co., Planet Fitness and Sally Beauty.
The HFF investment sales
team representing the seller was led by senior managing director Jim Koury.
HFF’s debt placement team
was led by director Porter Terry.
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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