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Newington Shopping Center Fetches $17.5M

January 10, 2013 | Reprints | Unlock Link | Print

NewingtonFair1

Inland Real Estate purchased the 187,000-square-foot Newington Fair Shopping Center, located on the Berlin Turnpike six miles southeast from Hartford’s central business district.

The property is 100 percent occupied and is anchored by a 135,000-square-foot center Sam’s Wholesale Club, 52,000 square-foot L.A. Fitness, and shadow-anchored with other national retailers including Toys R Us and Stew Leonard’s Supermarket.

Helen Putterman, president of Cohen Real Estate, and Ric Kaiser, senior managing director of Cohen Real Estate, a Manhattan, NY-based commercial real estate services firm, represented both the buyer and the seller in the sale.