{"id":1004606150,"date":"2022-10-11T01:50:50","date_gmt":"2022-10-11T09:50:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606150"},"modified":"2023-03-22T03:05:23","modified_gmt":"2023-03-22T11:05:23","slug":"big-y-foods-acquires-connecticut-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/big-y-foods-acquires-connecticut-retail-asset\/","title":{"rendered":"Big Y Foods Acquires Connecticut Retail Asset"},"content":{"rendered":"<div id=\"attachment_1004606151\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004606151\" data-attachment-id=\"1004606151\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/big-y-foods-acquires-connecticut-retail-asset\/microsoftteams-image-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Crossroads Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Crossroads Plaza &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg?w=1000\" class=\"wp-image-1004606151 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg?w=300\" alt=\"Crossroads Plaza \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004606151\" class=\"wp-caption-text\">Crossroads Plaza<\/p><\/div>\n<p><strong>Big Y Foods <\/strong>has acquired Crossroads Plaza, a 112,920-square-foot, grocery-anchored <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-fundamentals-stay-positive-jll\/\">retail center<\/a> in West Hartford, Conn. The seller was&nbsp;<strong>Edens<\/strong>, as shown by CommercialEdge data. The asset changed hands for $22.4 million, according to <em>Hartford Business<\/em>. <strong>Newmark<\/strong> brokered the transaction.&nbsp;The same data provider shows the property previously traded in 2002 for $9.7 million.<\/p>\n<p>Built in 1956, Crossroads Plaza spans 8.4 acres. A Big Y supermarket, which has been operating at the location since November 2010, anchors the property. Other tenants include service-oriented retailers and local restaurants, The UPS Store and a Webster Bank drive-through, among others.<\/p>\n<p>The shopping center is at 714 N. Main St., in a retail cluster located roughly 5 miles from downtown Hartford. More than 215,000 people live within a 5-mile radius.<\/p>\n<p>Newmark Vice Chairman Geoffrey Millerd, together with Managing Director Mathew Adler, negotiated on behalf of Edens. Senior Financial Analyst Casey O&#8217;Brien helped the team with financial analysis support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newmark arranged the sale of Crossroads Plaza.<\/p>\n","protected":false},"author":3030,"featured_media":1004606151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21783,21742,10,21749],"tags":[32850,50999],"class_list":["post-1004606150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-investment","category-latest","category-northeast","category-retail","tag-edens","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Big Y Foods Acquires Connecticut Retail Asset - CPE<\/title>\n<meta name=\"description\" content=\"Big Y Foods has acquired Crossroads Plaza, a 112,920-square-foot grocery-anchored retail center in West Hartford, Conn., from Edens.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/big-y-foods-acquires-connecticut-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Y Foods Acquires Connecticut Retail Asset\" \/>\n<meta property=\"og:description\" content=\"Big Y Foods has acquired Crossroads Plaza, a 112,920-square-foot grocery-anchored retail center in West Hartford, Conn., from Edens.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/big-y-foods-acquires-connecticut-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-11T09:50:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-22T11:05:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/MicrosoftTeams-image-e1665397074690.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/big-y-foods-acquires-connecticut-retail-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/big-y-foods-acquires-connecticut-retail-asset\\\/\"},\"author\":{\"name\":\"Raluca Toma\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1e908d9381f3929d1d57f95e4db8c529\"},\"headline\":\"Big Y Foods Acquires Connecticut Retail Asset\",\"datePublished\":\"2022-10-11T09:50:50+00:00\",\"dateModified\":\"2023-03-22T11:05:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/big-y-foods-acquires-connecticut-retail-asset\\\/\"},\"wordCount\":164,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/big-y-foods-acquires-connecticut-retail-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/10\\\/MicrosoftTeams-image-e1665397074690.jpg\",\"keywords\":[\"EDENS\",\"Newmark\"],\"articleSection\":[\"In Focus\",\"Investment\",\"News\",\"Northeast\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/big-y-foods-acquires-connecticut-retail-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/big-y-foods-acquires-connecticut-retail-asset\\\/\",\"name\":\"Big Y Foods Acquires Connecticut Retail Asset - 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