Warner, NH

GLA: 200,000 S/F

Major Tenants: Market Basket Supermarket, Drug Store
I.J. Barkan, Inc. acquired a $3.5 million loan from the FDIC secured by the business assets of a saw mill, real estate, and personal obligations. Acting on behalf of the principal, I.J. Barkan, Inc. acquired the property in a "friendly foreclosure" and is currently in the approval process to develop the property into a shopping center. The first phase of this project will consist of a 50,000 S/F Market Basket and 9,000 S/F of retail space. Discussions are underway with major co-anchors on the 28-acre site.