The Manchester Parkade shopping center has changed hands for $19.2 million.
According to a warranty deed filed with the Manchester town clerk’s office, the seller was an affiliate of New York City-based Charney Management. The buyers were a Massachusetts realty trust and a New Hampshire LLC registered to a residential address in the northern Massachusetts town of Andover and controlled by a pair of known investors in retail real estate, Preeti Munjal and Manoj Munjal. The two buyer share a post office box address in Andover.
City property records show the plaza was appraised at $18.29 million and that Charney has owned it through one affiliate or another, or personally by late company founder and real estate mogul Leon H. Charney, since at least 1989.
The almost 345,000-square-foot property is anchored by a Stop & Shop grocery store, although property records show that part of the complex near Manchester’s geographic center is owned separately by a Florida LLC.
Town records say the complex was built in 1960.