CBRE brokers $39.9m sale of Village Shoppes of Salem in N.H.
Clarion Partners has sold the Village Shoppes of Salem shopping center in Salem, N.H., for $39.9 million, said a broker involved in the transaction. The broker is the Boston office of CBRE/New England’s National Retail Investment Group, or NRIG. CBRE Inc., headquartered in Los Angeles, is a large commercial real estate services firm. CBRE said it represented the seller in the transaction and procured the buyer, Route 28 Salem LP. The shopping center is fully occupied with such tenants as Best Buy, Sports Authority, DSW, PetSmart, and Michaels.