Old Saybrook shopping plaza sells for $6.75M

A tenant in a large shopping center in Old Saybrook has purchased the plaza for $6.75 million.

The Shoppes at Old Saybrook is home to an Ocean State Job Lot, Town Fair Tire, Dollar Tree, O’Reilly Auto Parts and Midas Muffler.

Basser Kaufman Saybrook LLC sold the center to OSJL of Old Saybrook LLC. 

OSJL’s principals are listed as Marc and Alan Perlman of Rhode Island, co-founders of Ocean State Job Lot.

The 94,175-square-foot shopping center is on an 8.5-acre parcel at 901 Boston Post Rd., or Route 1.

Matt Halprin, president and chief operating officer of New England Retail Properties Inc., which is based in Wethersfield, represented both the buyer and seller in the deal.