Tuesday, January 19, 2016 | JILLIAN MORUZZI | PR Web
Everybody’s Plaza Acquired by Cincinnati, OH REIT
CHESHIRE, CONNECTICUT (PRWEB) JANUARY 15, 2016
On December 30th, Calcagni Commercial represented both sides of the sale of Cheshire, Connecticut’s Everybody’s Plaza. Located at 1029 South Main Street, the neighborhood shopping center of 50,905 square feet is anchored by Big Y. Cotenants include Dunkin’ Donuts, Subway and Premiere Wine & Spirits.
The property was sold by Capitol Development Associates and acquired by Phillips Edison Grocery Center REIT II, Inc., a real estate investment trust focused on high quality grocery-anchored assets. Calcagni Commercial’s Ralph Lewis, who facilitated the conversion of the original Everybody’s IGA into a Big Y market last summer and also secured Premiere Wine & Spirits as a tenant last winter, united the seller and buyer.
The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.