QUINCY, Mass., Aug. 31, 2016 /PRNewswire/ -- The Vazza Real Estate Group, a commercial real estate services, development and investment firm based in Quincy, Massachusetts, has acquired a 35,000 square foot inline retail center located at 89 Fort Eddy Road in Concord, New Hampshire. The building is multi tenanted and includes a corporate owned Planet Fitness.
The building is located at the diamond interchange of 93 and 393 and is directly across the street from Market Basket and Lowe's Home Improvement Center and abuts Panera Bread and Hannaford.
"This is a fantastic value add opportunity," said Derek Holt, managing director of Business Development for The Vazza Real Estate Group. "The property has been mismanaged and will benefit greatly with some minor capital improvements and professional management."
"This investment aligns with The Vazza Real Estate Group's strategy of acquiring well located assets that are in need of repositioning," said Stephen Vazza, President of the Vazza Real Estate Group. "Since acquiring the asset we have extended the term of the Planet Fitness lease and in turn added significant value to the property."
The Vazza Real Estate Group aims to leverage its operating platform and geographic presence by acquiring additional assets and creating value. The Vazza Real Estate Group is based in Quincy, Massachusetts and has acquired 15 commercial assets within the last 12 months.
About The Vazza Real Estate Group
The Vazza Real Estate Group is a full service commercial real estate company. The Vazza Real Estate Group has developed in excess of 3500 residential units and over 5 million square feet of commercial, self storage, hotel and retail in Boston, Arizona and Florida. For more information, visit www.vazzareg.com.
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SOURCE The Vazza Real Estate Group