Press Releases
Marcus & Millichap Brokers Sale of $14.3M Grocery-Anchored Center in Rocky Hill, Connecticut Despite Complex CMBS Loan Assumption
January 09, 2026
ROCKY HILL, Conn., Jan. 9, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Big Y Plaza, a 60,947-square-foot grocery-anchored shopping center in Rocky Hill, Connecticut, for $14.3 million.
Marcus & Millichap’s Joseph C. French Jr. and Jeffrey Stearney, in association with John Krueger, the firm’s broker of record in Connecticut, exclusively marketed the property on behalf of the seller, a private Connecticut-based company, and procured the buyer, a private New York-based investor.
“The Big Y Plaza has changed hands in a transaction that exemplifies perseverance and collaboration,” said French. “The sale was uniquely challenging due to the assumption of an existing commercial mortgage-backed securities loan, a process that required months of approvals and coordination among multiple stakeholders. Despite the extended timeline, both the within the Hartford metropolitan region, providing access for both local and commuter traffic. buyer and seller remained committed to completing the transaction. The successful closing underscores the parties’ ability to navigate the complexities of structured financing.”
Built in 1988, Big Y Plaza is located at 1030 Elm St. and is fully occupied by two tenants, Big Y Supermarket and Wells Fargo Bank. The center sits on approximately 14.1 acres and includes surface parking. The property is near Interstate 91 and serves a dense residential trade area.
Marcus & Millichap’s Joseph C. French Jr. and Jeffrey Stearney, in association with John Krueger, the firm’s broker of record in Connecticut, exclusively marketed the property on behalf of the seller, a private Connecticut-based company, and procured the buyer, a private New York-based investor.
“The Big Y Plaza has changed hands in a transaction that exemplifies perseverance and collaboration,” said French. “The sale was uniquely challenging due to the assumption of an existing commercial mortgage-backed securities loan, a process that required months of approvals and coordination among multiple stakeholders. Despite the extended timeline, both the within the Hartford metropolitan region, providing access for both local and commuter traffic. buyer and seller remained committed to completing the transaction. The successful closing underscores the parties’ ability to navigate the complexities of structured financing.”
Built in 1988, Big Y Plaza is located at 1030 Elm St. and is fully occupied by two tenants, Big Y Supermarket and Wells Fargo Bank. The center sits on approximately 14.1 acres and includes surface parking. The property is near Interstate 91 and serves a dense residential trade area.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
