M id A tlantic Real Estate Journal — February 14 - 27, 2020 — 13A


M id A tlantic R eal E state J ournal

Westport Capital sells 219,000 s/f for $36 million Progress Realty Partners acquires Marketfair center

Facility joins North Haven Pavilion NRDC adds Hartford HealthCare facility

ayetteville, NC — Progress Realty Partners (PRP) , a New Jersey-based private equity firm specializing in acquiring well-positioned commercial real estate throughout the country, has successfully ac- quired a 219,000 s/f, class A shopping center from West- port Capital , a national REIT with offices in Connecticut and California. Marketfair Shopping Cen- ter, located at 1916 Skibo Rd. in Fayetteville, NC, repre- sents PRP’s first acquisition in North Carolina. “What attracted us to Mar- ketfair Shopping Center is its extraordinary tenant mix and positioning in the Fayette- ville sub-market,” said Adam Dickert , who oversees the firm’s acquisitions. “Market- fair represents exactly what today’s consumer is looking for when you talk about things like convenience, experience and value.” The property recently un- F

North Haven Pavilion

services, a large physician group and clinical integration organization, skilled-nursing and home health services, and a comprehensive range of services for seniors, including senior-living facilities. “National Realty & Devel- opment Corp. continues to diversify its centers with com- plimentary services that trans- form shopping centers into com- munities where guests benefit from a one-stop medical, retail, fitness and entertainment des- tination,” said John Orrico , president at NRDC. “Hartford HealthCare is the perfect fit for this modernization, and we look forward to their Summer 2020 opening.” 

North Haven, CT — National Realty & Devel- opment Corp. (NRDC) an- nounced that a new Hartford HealthCare facility will join the 273,452 s/f North Haven Pavilion in North Haven. The Target and Michaels-anchored shopping center is located at 200 Universal Dr. North. Hartford HealthCare, one of Connecticut’s most com- prehensive health care net- works, has leased 40,700 s/f of the center’s former Sports Authority building. Hartford HealthCare’s model includes six acute-care hospitals, the state’s longest-running air- ambulance service, behav- ioral health and rehabilitation

Marketfair Shopping Center

derwent a complete redevel- opment and re-tenanting, highlighted by the mid-De- cember grand opening of Lidl, a German-based grocery store. Lidl joins other national ten- ants such as Planet Fitness, Gander Outdoors and AMC

Theaters. “This is a very exciting deal for us and our partners,” ex- plained Daniel Salonis , who oversees the firm’s operations. “To be able to own this prop- erty, in this market … it’s a great way to close out 2019.” 



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