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NH company aims to revitalize Millinocket’s retail with shopping center purchase

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A Millinocket shopping plaza has sold for more than double its assessed value to a New Hampshire real estate investment company hoping to revitalize retail in the former mill town.

Northeast Living LLC said this week that it had purchased the Northern Shopping Plaza at 800 Central St. in Millinocket for $1.6 million. At 82,505 square feet, the plaza can hold nine businesses, according to SVN The Masiello Group, which brokered the plaza’s sale on Northeast Living’s behalf.

The property’s most recent assessed value was $780,400 in September 2020, according to Millinocket assessment records. The plaza was last owned by JLP LLC, based in Larchmont, New York.



Read More: NH company aims to revitalize Millinocket’s retail with shopping center purchase

2021-07-22 05:00:00

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