MARCUS & MILLICHAP COMPLETES SALE OF CHARTER OAK MARKETPLACE

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HARTFORD, CONN. — Marcus & Millichap has completed the sale of Charter Oak Marketplace, a 259,056-square-foot retail center located at 475 Flatbush Ave. Built in 2004, the 34.37-acre center comprises a 149,551-square-foot freestanding Wal-Mart, a 76,750-square-foot strip building and numerous pad sites. Wal-Mart’s co-anchors at the center include Marshall’s and Dollar Tree. Pad tenants include McDonald’s, Taco Bell, Popeye’s, Pollo Tropical, and Texas Roadhouse. Sharon Bands of Marcus & Millichap’s Manhattan, New York City, office represented the seller, Centro Properties, and secured the buyer, a New Jersey-based shopping center REIT. The acquisition price was not disclosed but the property listed for $19.25 million.

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