NKF Capital Markets has successfully completed the sale of Royal Ridge Center in Nashua, New Hampshire to AEW on behalf of one of its separate account clients. On behalf of O’Connor Capital, NKF Capital Markets Managing Director Justin Smith of the Boston office, which is led by Co-Head of U.S. Capital Markets Robert Griffin, oversaw the transaction of the 220,100-square-foot shopping center.
Presently 100 percent occupied, Royal Ridge Center features a national tenant roster anchored by Shaw’s, Marshalls, buybuy BABY, HomeGoods, PetSmart and Sierra Trading Post.
“Royal Ridge Center serves as home to highly productive retailers, as evidenced by the strong performance reported across its diverse rent roll,” said Smith. “In a clear testament to its desirability, the property’s former Sports Authority space was quickly backfilled by HomeGoods and Sierra Trading Post.”
Royal Ridge Center is conveniently located just across the Massachusetts border within New Hampshire’s tax-free shopping environment. Home to the synergistic Pheasant Lane Mall, this regional shopping destination boasts three- and five-mile population counts of approximately 44,900 and 113,400 people, respectively, with corresponding average household incomes of $97,500 and $92,700.
About NKF Capital Markets
NKF Capital Markets, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 16,000 professionals operate from approximately 430 offices in established and emerging property markets on six continents.
We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.
Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol "NMRK", is a publicly traded subsidiary of BGC Partners, Inc. ("BGC"), a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP". BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol "BGCA".
