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Haverhill, MA Coastal Partners through its development subsidiaries has sold two, single tenanted, retail properties totaling $25.5 million; BJ's Wholesale Club in Haverhill and Walgreen's Pharmacy in Hooksett, NH.
The Haverhill BJ's Wholesale Club is located on Shelley Road on a fourteen acre parcel of Exit 48, at Ward Hill / 125 Connector. The site was originally developed as a 175,000 SF industrial building which was raised for a prototypical 119,000 SF BJ's Wholesale Club with gas facility. The site was transformed from an existing under-utilized property to a vibrant retail environment which dramatically increased the Haverhill tax base while creating over 150 jobs. The property was sold to Cole Properties. Both the buyer and seller were represented by Rick Liljedahl of New Lease Capital Advisors, Inc.
The Hooksett Walgreen's is the first phase of The Shoppes at Hooksett Landing on Daniel Webster Hwy. The property is located at the fifty yard line of the retail corridor with two 4-way signalized intersections, 2 pylons, and 34,000 daily traffic counts, The second phase of the development includies; Starbuck's, Sovereign Bank, Super Cuts, US Cellular, Lapels Cleaners, US Subs, Goodwill Industries, Advance Auto and Puppy Place. The Walgreen's was sold to Broadhurst Theatre, LLC. The seller was represented by Rick Liledahl.