DEVCON ENTERPRISES ACQUIRES 105,330 s/f BIG Y PLAZA IN MANCHESTER, CT.

WEST HARTFORD, CT. - DEVCON Enterprises, Inc. of West Hartford, CT. has announced the acquisition of The Big Y Plaza located in Manchester, CT. Devcon is excited about its most recent acquisition due to the properties strategic location, high traffic count and superb tenant mix. Big Y Plaza is conveniently located just off I-84 on Exit 63. This is one of Manchester’s premier and most active retail centers. This is evidenced by being one of Big Y’s top stores in their chain.

The tenant roster is impressive in its variety. Tenants include the anchor, Big Y Supermarket, with over 45 stores located throughout Massachusetts and Connecticut. It is a 65,250 s/f store featuring their latest prototype with coffee and juice bar, deli counter, photo center, child care center and food court sections. Other tenants include Rite-Aid, located on a free-standing pad with a convenient drive-thru window, West Coast Video, Computer Replay, Best Rents Plus, Morin Insurance Company, Lucky Dollar Store, CT. Hair & Nail, Food For Thought and King Buffet. This diverse tenant mix provides one stop shopping for the residents of Manchester and beyond.

Big-Y Plaza was built in 1996. It is a first class center that boasts ample parking, attractive landscaping and enhanced lighting for nighttime shoppers. The handsome brick and stucco façade is both functional as a state-of-the-art shopping center, as well as aesthetically pleasing.

The center will be maintained by Devcon’s management division.

This acquisition fits perfectly into Devcon’s expansion plans in both strategy and timing. Devcon’s focus is on the development and acquisition of grocery anchored retail shopping centers.

*Devcon's dedicated team of professionals was able to make this project a reality in a very short timeframe. Members of this team include the legal firm of Levy & Droney, P.C. of Farmington, CT., the accounting firm of Kostin & Ruffkess, & Co. of West Hartford, CT., the real estate brokerage company of Sullivan & Hayes of Farmington, CT., and the mortgage brokerage firm of Holliday Fenoglio Fowler, L.P. from Hartford, CT..

This is one of many projects Devcon has completed as it continues with its push to aggressively pursue development and acquisition opportunities throughout the East Coast.

For more development, acquisition or leasing information on any of Devcon’s properties, please contact J.R. Cody III from Devcon Enterprises, Inc. at (860) 521-6999 or via E-Mail at jrcody@devconenterprises.com.