News: Connecticut

D'Addabbo of New England Retail Properties sells Tractor Supply Store for Windham Crossing LLC

New England Retail Properties, Inc., has sold the Tractor Supply property located on Rte. 6. The property was developed by Windham Crossing, LLC, an affiliate of New England Retail Properties, Inc. in 2009 specifically for Tractor Supply Company. Mark D'Addabbo, president of New England Retail Properties, Inc. represented Windham Crossing, LLC and Leonard Mazzone represented the purchaser, a New Jersey investment group. Rte. 6 is the major east/west road between Hartford and Providence. This section of Rte. 6 is also home to other national retailers, Home Depot, Super Walmart, Aldi, Ruby Tuesday, Advance Auto and others, which was one of the compelling reasons the purchaser sought to acquire this property. Tractor Supply Company is one of the largest retail farm and ranch store chains in the U.S. The company operates more than 1001 retail stores in 44 states, employs more than 15,000 team members and is headquartered in Brentwood, Tenn. The company was founded in 1938 as a mail order catalog business offering tractor parts to America's family farmers. Today Tractor Supply is a leading edge retailer with revenues surpassing $3 billion. Tractor Supply stores are primarily located in rural areas and the outlying suburbs of major cities. Stores supply the unique products to support their customers' rural lifestyle, from welders and generators to animal care products and men and women's workwear. You can also find pet supplies, animal feed, power tools, riding mowers, lawn and garden products and more. Each store team includes a welder, a farmer and a horse owner who collectively provide an exceptional depth of knowledge and resources. Tractor Supply is continuing to grow with new stores and improved product offerings. The Tractor Supply mission and values motivate and inspire team members and give the organization a unified focus for the future. According to Matt Halprin, principal of New England Retail Properties, Inc., Taco Bell is under development in the Putnam Bridge Plaza at 31 Main St. on the East Hartford/Glastonbury town line and is scheduled to open in July. Taco Bell will be joining ShopRite, PetsMart, iParty!, T.J. Maxx, Staples, Home Depot and Nathan's Hot Dogs, as another strong national tenant has committed to the Plaza. The Plaza is owned by LMA/U.S.A., LLC, an East Hartford family-based real estate partnership. Taco Bell, a division of Yum! Brands (YUM - NYSE), a Kentucky-based quick service restaurant chain. Yum! operates more than 37,000 restaurants in 110 countries under the KFC, Pizza Hut, A & W, Long John Silver and Taco Bell brands. The Putnam Bridge Plaza location will be the 30th Taco Bell location in Connecticut. New England Retail Properties, Inc. based in Wethersfield is a full-service retail real estate brokerage company founded in 1987 by partners Mark D'Addabbo and Matt Halprin and specializes in investment sales, shopping center and retail property leasing, tenant representation and development. Matt Halprin was the only broker involved in this transaction.
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