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NGKF Capital Markets<\/a> has successfully completed the sale of Hannaford”,”Bedford, NH in Bedford, New Hampshire to RK Centers for $14 million. Executive Managing Director Geoffrey Millerd<\/a>, Managing Director Justin Smith<\/a>, Associate Director Paul Penman<\/a> and Financial Analyst Christian Brannelly<\/a> of the NGKF Capital Markets Boston<\/a> team, which is led by U.S. Head of Capital Markets Robert Griffin<\/a>, oversaw the transaction of the grocery-anchored asset on behalf of Eastern Real Estate in conjunction with Newmark Grubb Knight Frank (NGKF) Executive Managing Director Richard Ruggiero<\/a>.
"Long established as the dominant grocer in the Bedford market, Hannaford relocated from its smaller inline store along Route 3 to the subject property in order to take advantage of its superior location, larger size and standalone status," said Smith. "The tenant has clearly demonstrated its long-term commitment to the property."
Strategically situated along Route 3 at its signalized intersection with Kilton Road, a key access road to Route 101 and Interstate 293, Hannaford”,”Bedford, NH is well positioned to draw traffic from each of these three major thoroughfares within the Bedford\/Manchester retail market. This prime retail destination features three- and five-mile population counts of 72,400 and 138,200 people, respectively, with coinciding average household incomes of $68,100 and $78,100.<\/p>
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