News: Front Section
Posted: March 8, 2019
HFF completes $12.9 million sale and $10.5 million financing of Clinton Plaza
Clinton, CT Holliday Fenoglio Fowler, L.P. (HFF) completed the $12.9 million sale and the $10.5 million financing of Clinton Plaza, a grocery-anchored shopping center totaling 100,360 s/f.
The HFF team marketed the property on behalf of the seller, JMH Associates LLC, and procured the buyer, Jerome Properties 215, LLC. Additionally, HFF secured the 10-year, floating-rate acquisition loan through a local bank.
Clinton Crossing is located at 215 Main St. The 92% leased center is anchored by Stop & Shop supermarket and T.J. Maxx and includes a Dunkin’ Donuts out-parcel.
The HFF investment advisory team representing the seller included senior managing director Jim Koury.
HFF’s debt placement team representing the buyer consisted of senior director Porter Terry.
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