{"id":1004801716,"date":"2026-06-12T06:11:17","date_gmt":"2026-06-12T14:11:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004801716"},"modified":"2026-06-12T07:21:55","modified_gmt":"2026-06-12T15:21:55","slug":"connecticut-grocery-anchored-retail-center-sells-for-62m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/connecticut-grocery-anchored-retail-center-sells-for-62m\/","title":{"rendered":"Connecticut Grocery-Anchored Retail Center Sells for $62M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2e5ea6d2e53&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"1240\" data-attachment-id=\"1004801653\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tri-city-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg\" data-orig-size=\"1600,1240\" 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;&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=\"Tri-City-Plaza\" data-image-description=\"&lt;p&gt;Image shared from CBRE.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Tri-City Plaza is anchored by a ShopRite grocery store. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg\" alt=\"A photo of the Tri-City Plaza shopping center.\" class=\"wp-image-1004801653\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg?resize=1024,794 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Tri-City-Plaza.jpg?resize=1536,1190 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Tri-City Plaza is anchored by a ShopRite grocery store.<em> Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>East Coast Acquisitions has purchased Tri City Plaza, a 295,817-square-foot, grocery-anchored retail center in Vernon, Conn., for $62.5 million. DLC and Acadia Realty Trust sold the asset and were represented by CBRE National Retail Partners.<\/p>\n\n\n\n<p>The property is 96 percent leased and anchored by ShopRite. Other anchor tenants include TJ Maxx, Home Goods, HomeSense and Hartford Healthcare.<\/p>\n\n\n\n<p>The property is directly off Interstate 84, within 10 miles of downtown Hartford, and is also accessible via Talcottville Road and Hartford Turnpike.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/naree-special-report-retail-recovery-attracts-institutions\/\">Retail Recovery Attracts Institutions<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>After a year of slightly negative net absorption, the Hartford-area retail market seems to have turned a corner in the first quarter, recording a figure of roughly 51,000 square feet, according to a report from Cushman &amp; Wakefield. The activity saw the metro\u2019s overall retail vacancy decline slightly to 6.9 percent on an inventory of just over 28 million square feet.<\/p>\n\n\n\n<p>Another East Coast Acquisitions move came in March, when the company <a href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-publix-buys-north-carolina-asset-it-anchors\/\">sold Weaverville Plaza<\/a>, a 133,965-square-foot retail asset in Weaverville, N.C., to Publix for $30.5 million. East Coast sold the property, which the buyer anchors, after six years of ownership. Publix is one of several retail chains that have increasingly been <a href=\"https:\/\/www.commercialsearch.com\/news\/ground-control-retailers-are-leaning-into-buying-their-spaces\/\">purchasing their retail premises<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture sold the asset. <\/p>\n","protected":false},"author":882,"featured_media":1004801653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,10,21749],"tags":[38205,34835,52894],"class_list":["post-1004801716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-northeast","category-retail","tag-acadia-realty-trust","tag-dlc-management-corporation","tag-east-coast-acquisitions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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