Manchester Smithland included in $10.5m commercial land sale

MANCHESTER, CT – The property at 33 Adams St. in Manchester that houses local Smithland Supply outlet has been sold by Halprin of New England as part of a $10.5 million six-pack package. dollars.

Matt Halprin, president and chief operating officer of New England Retail Properties Inc., made the announcement on Friday. He exclusively represented vendors in the sale of six Smithland Supply Retail stores, all located in Connecticut.

The standalone net leased locations previously operated as Agway Stores and operate as Smithland Supply.

As well as the Manchester location in the Buckland Hill section of Manchester, the package included locations in Southington, Bethel, North Haven, Middlefield and North Branford.

The original owners were based in Guilford and Agway stores for more than 25 years before selling their interests in the business in 2016. After retaining ownership, the owners decided to sell over the past two years, a said Halprin.

The buyer was Trio Fund 1 CT Portfolio, of Southport, an investment trust specializing in net retail investments.

New England Retail Properties, Inc. is based in Wetherfield and was founded in 1987. It specializes in shopping center leasing, investment sales, commercial and medical tenant representation and single tenant development.