The three properties "are well-positioned within their respective markets," according to Cushman & Wakefield broker Geoffrey Millerd, a retail specialist for the capital markets group. Millerd was joined by C&W principal Robert Griffin and Michael d'Hemecourt in marketing the package for Hayman and procuring the buyer. Based in Troy, MI, the Hayman Co. had owned the properties since 1995, buying them for $8 million.

The largest is Swansea Place, an ell-shaped center with 170,000 sf and parking for nearly 900 vehicles. Built in 1974, Swansea Place has a prime infill location along Route 6, one of the region's main thoroughfares. Between that road and the adjacent Interstate 195, the daily traffic count for Swansea Place approaches 90,000 vehicles, C&W reports.

"Swansea Place provides investors with significant value creation opportunities," says Millerd, citing 110,000 sf of newly available space. Hayman Co. spent about $1.2 million to improve the asset during its tenure.