MEDIPOWER ACQUIRES THE SHOPS AT NOD BROOK, LOCATED IN THE AFFLUENT COMMUNITY OF AVON CONNECTICUT

Shops at Nod Brook is a 100,263 sqf Supermarket-anchored Shopping Center currently 85% leased with strong in-place income. In addition to one of the top performing locations of The Fresh market, the asset features Marshalls and Michaels which have a long history of strong sales performance.

Ron Stern, CEO: “We are excited to add another strong grocery anchored shopping center to our growing portfolio. Avon is a highly desirable residential destination, and it fits our current focus on strong supermarket anchor along with high performing credit rated junior anchors.”