NERP acquires 4.07 acre site to develop Tractor Supply Co. anchored shopping center

May 01, 2018 - Long Island

Medford, NY New England Retail Properties, Inc. (NERP) has acquired  4.07 acres of commercial land on Rte. 112, Patchogue-Middle Island Rd. for the purpose of developing a small shopping center to be anchored by Tractor Supply Co. (TSC) of Brentwood, TN. NERP, through an associated partnership, acquired the property from Branchbrook Corp. on Dec.14, 2017 via a 1031 exchange of a property relinquished in Farmington, TN. The 22,697 s/f center will contain a new 19,097 s/f TSC retail store along with an additional 3,600 s/f of retail space to be leased. 

Mark D’Addabbo, NERP

 

Matthew 

 

Mark D’Addabbo, president of NERP and developer/member of the LLC, and Matthew Darling, VP of NERP enlisted Eric Meyn and Aleksandar Kociski of Bohler Engineering to work together with the town of Brookhaven toward the entitlements necessary for the development of the J-2 zoned property. 

Coastland Construction is the site contractor for the development, WR Newman is the construction management company and PeoplesBank of Holyoke, MA is financing the project.

Leo Farrell of Coldwell Banker Commercial Island Corporate Services represented seller. The sales price was not disclosed.

The property is located between Granny and Horseblock Rd., one mile north of Exit 64 on the Long Island Expressway. This location will be the first Tractor Supply store on Long Island. Tractor Supply has over 1,700 stores in 49 states. TSC is focused on fulfilling the lifestyle needs of recreational farmers, ranchers, tradesmen and small businesses as well as those who enjoy the rural lifestyle. When shopping at Tractor Supply, customers can find everything from pet food for small animals and livestock to hardware, tools and clothes for outdoor work or recreation.New England Retail Properties, Inc. is a full-service commercial retail development & brokerage firm founded in 1987 that specializes in shopping center development, leasing & sales of commercial properties. For more information on New England Retail Properties, Inc., kindly visit our website at www.newenglandretail.com or call (860) 529-9000.

Comments

Add Comment


More from the New York Real Estate Journal