Newsletters

ING Clarion Cements $25M Retail Purchase

PORTSMOUTH, NH-The 135,000-sf Durgin Square here is among the seacoast region's most resilient shopping centers.

By Joe Clements | Updated on March 18, 2008

PORTSMOUTH, NH-A popular grocery-anchored shopping plaza here in New Hampshire’s seacoast region has a new owner, as Durgin Square sells for $24.8 million. The 135,000-sf retail center was acquired by ING Clarion from Durgin Square LP.

“The center is home to a strong rent roll and is situated in one of New England’s most desirable markets for both retailers and owners,” says Cushman & Wakefield senior director Geoff Millerd, a member of the firm’s Capital Markets Group that peddled the asset on behalf of Durgin Square LP and also procured the buyer. Millerd was joined in handling the deal by C&W Capital Markets Group chief Robert Griffin Jr. and broker Michael d’Hemecourt.

A retail sales specialist, Millerd describes Durgin Square as “the dominant grocery-anchored shopping center” in Portsmouth’s vibrant retail market, a sector that has been evolving for 20 years near the border of mall-laden Newington. National firms who helped give Durgin Square an occupancy rate of 97% at the time of its sale include AC Moore, Aspen Dental, Boston Market, Mattress Discounters, Petco and TJ Maxx.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.