Portsmouth shopping center sold for $24.7 million

Clarion Partners sells Durgin Square to Dividend Capital

June 11, 2014

NH Business Review Staff,

The Durgin Square shopping center on Woodbury Avenue in Portsmouth has been sold by Clarion Partners for $24.7 million to Denver-based real estate investing firm Dividend Capital for $24.7 million.

The 137,838-square-foot Durgin Square features a mix of national and regional tenants, including T.J. Maxx and HomeGoods as well as a Shaw's supermarket. It is 94 percent leased, according to Cushman & Wakefield, which handled the transaction on behalf of Clarion Partners, which handled the transaction for Washington, D.C.-based Clarion.

Members of the C&W team included President Rob Griffin, Geoffrey Millerd and Justin Smith.

Categories: Real Estate & Construction

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