LOS ANGELES, June 22, 2021 /PRNewswire/ -- DealPoint Merrill recently closed on the purchase of Centennial Plaza, consisting of an 11-acre 158,000 square foot Shopping Center, centrally located in Meriden, Connecticut's retail and business corridor.
The $5.2 Million construction renovation is expected to commence in July 2021.
DealPoint Merrill's executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. The acquisition and underwriting were completed by Jason, Limbert, and Tyler Bendicksen of DealPoint Merrill. Dave Rumsey, CFO of DealPoint Merrill's capital markets assisted with the equity-backed securities. The property was represented by Joe French and Kodi Traver of Marcus & Millichap.