milfordsqMilford: A newly developed shopping center, already leased out to a  variety of prime national tenants has been sold.

Milford Square is a 62,442 square foot retail center on Route. 1. The property is newly developed and 100% leased to a tenant mix including REI, Panera, Verizon, Sleep Number, and Pet Valu. Additional tenants at the property include Salons by JC and Tomato & Co. The class A center is in an area with 3.4 million square feet of retail within 5 miles of the center including retailers such as Costco, Lowe’s, Stop & Shop, Whole Foods, Walmart, Home Goods and Marshalls.

Mark Kandkhorov and Michelle Abramov of Asset Commercial Realty Group LLC’s (AssetCRG) exclusively represented RJ Milford LLC in its 1031 purchase of Milford Square. for $28 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, CG Milford, LLC, an affiliate of the Cappelli Organization of Valhalla, NY.