REBusinessOnline

IPA Negotiates Sale of 56,832 SF Grocery Store in Belchertown, Massachusetts

BELCHERTOWN, MASS. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 56,832-square-foot retail property occupied by grocer Stop & Shop in the Central Massachusetts community of Belchertown. The property sold for $14.6 million, or roughly $258 per square foot. The buyer and seller were not disclosed. Jim Koury and Marty Cohan of IPA brokered the deal.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

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