**Hartford-Area Retail Center Sells for $5.2M to New York Investor**
Marcus & Millichap has completed the sale of Olde Canal Plaza, a 34,194-square-foot retail center located in Plainville, a suburb of Hartford, Connecticut. The property was sold for $5,245,750 to a private investor based in New York.
“Located on more than three acres, Olde Canal Plaza is a core neighborhood center totaling 34,194 square feet of small-bay retail, office, and medical office space with a diverse tenant mix,” said Mark Krantz, Senior Director of Investments at Marcus & Millichap. “The property is positioned along a highly visible corridor with traffic counts exceeding 11,000 vehicles per day in the heart of Central Connecticut.”
Krantz, alongside Derrick Dougherty of Marcus & Millichap and in association with John Krueger, the firm’s broker of record in Connecticut, represented the buyer in the transaction. The seller was represented by Frank Amodio and Eric Amodio of Amodio & Co. Real Estate.
Built in 1987, Olde Canal Plaza is located at 17 Farmington Avenue and is currently 93% leased. The property benefits from its proximity to several national retailers, including Kohl’s, Lowe’s Home Improvement, and Big Y Supermarket.
