Gardner supermarket property sold for $13M
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The property containing a Hannaford supermarket on Timpany Boulevard in Gardner sold for $13 million.
A property off Route 2 in Gardner containing a Hannaford supermarket sold for just over $13 million, according to the Worcester South District Registry of Deeds.
It was sold by an entity registered to John Vezza of Tuckahoe, N.Y. Vezza sold the property for $75,000 more than he bought it for in 2015.
ExchangeRight, a California-based company, was the registered buyer on the deed. The firm specializes in 1031 exchanges, a tax-deferred property transfer where ExchangeRight works with a long-term corporate tenant.
A week before the Gardner purchase, ExchangeRight bought a $26-million Worcester property containing a Market 32 supermarket. It also bought a Walgreens pharmacy property in Worcester for $8.8 million in December.
The Hannaford is located at 21 Timpany Boulevard in Gardner and is assessed at $2.1 million by the City of Gardner.
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What for? Will it still be a grocery store?
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