Salem, CT Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $8,607,439. Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of the Salem Plaza. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,632,864. The Salem Plaza is located at 1 New London Rd. Salem Plaza was constructed in 1988 and is improved by a 20,833 s/f center on 20.60 acres. The property is 89.90% leased and offers upside through the lease-up of the two vacant suites, and by bringing some of the below-market rents to market rates upon lease renewal or lease rollover. The property is anchored by Dunkin’ with the remainder of the space leased to local retailers and service tenants that serve the needs of the area residents. Salem Plaza is positioned at the intersection of New London Rd. (CT Rte. 85) and E Haddam/Norwich Rd. (CT Rte. 82), the area’s primary commuter and commercial corridors, providing direct access to major roads and larger cities to the north, south, east and west. Salem Plaza has visibility and frontage with two points of access and prominent signage. Dunkin’, Subway, Salem Four Corner Package Store, and Statewide Pawn & Armory, are some of the area’s most popular tenants and drive traffic to the plaza.