SINGLE-TENANT PROPERTY LEASED TO RITE AID CORPORATION
Steven Calcagni, President of Calcagni Associates Real Estate, New Haven County’s leading independent real estate firm, is pleased to announce the recent sale of a large commercial retail property located in East Hartford, CT. The single-tenant property, leased to Rite Aid Corp., sold for $5.9 million.
The seller of the project, RA East Hartford, LLC, a Middletown, Connecticut- based company which specializes in real estate acquisition, development, construction and investments, is currently in the construction phase of the project. Steven Calcagni along with commercial broker Lisa Whitney represented the buyer, Acorn II, LLC. The buyer provides financing through construction and will take title upon tenancy by Rite Aid.
Calcagni Associates Real Estate is a fully diversified real estate agency offering residential properties, new construction, land consulting and commercial properties. Calcagni has four offices—Cheshire, Hamden, Wallingford and Southington. All offices provide a range of real estate services including market analysis, appraisals, residential foreclosures and relocation services. Learn more at Calcagni.com and Facebook.com/CalcagniAssociates