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.

Village Shoppes of Salem is just over the Massachusetts border and is 28 miles north of Boston; New Hampshire’s sales-tax free status makes this shopping center a big draw for Bay State consumers, CBRE said.

The shopping center is fully occupied with such tenants as Best Buy, Sports Authority, DSW, PetSmart, and Michaels, CBRE said.

Chris Reidy can be reached at
Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of