Portsmouth shopping center sold for $24.7 million

Clarion Partners sells Durgin Square to Dividend Capital

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.