Plymouth Meeting Broker Hired to Sell Connecticut Commercial Space One Year after Purchase
Forged Real Estate, Plymouth Meeting, has been hired by the Connecticut owner of a large commercial real estate property to sell it. Its present owner, according to Luther Turmelle’s story in CT Insider, wants it off the books less than a year after acquiring it.
Kohan Retail Investment Group, of Great Neck, New York currently holds the deed for Brass Mill Commons, a $30 million site in Waterbury, Conn.
The location — north of New Haven — holds two significant retail enterprises:
- Brass Mill Center Mall, a traditional indoor shopping location
- Brass Mill Commons, an outdoor collection of stores built in 1997
Forged Real Estate has cited statistics to position the latter site as attractive, with over 2.1 million visitors last year.
Brass Mill Center Mall has a fairly typical array of national brands under its roof: Barnes & Noble, Dick’s Sporting Goods, J.C. Penney, TGI Fridays.
Forged Real Estate specializes in single- and multi-tenant net lease assets nationwide. It has been in business for more than 30 years.
More on this New England transaction with a Montgomery County connection is at CT Insider.
Providing even a greater challenge to Forged Real Estate is the inclusion of Brass Mill Center Mall in a “dead” mall video.
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