Meriden, Conn. — Urstadt Biddle Properties Inc. has sold Townline Square Shopping Center, a 315,000-square-foot retail center in Meriden, for $44.5 million.
Bridgeport, Conn. — Cinépolis USA has signed on to open a luxury 12-screen, 1,200-seat hybrid theater at Steelpointe Harbor, a mixed-use development in Bridgeport.
New York and Greenwich, Conn. — Avant Capital Partners has originated $6.3 million in bridge loans for two properties in Manhattan and Greenwich.
Willimantic, Conn. — Willimantic Plaza is anchored by BJ’s Wholesale Club.
Bridgeport, Conn. — Bridgeport-Long Island Ferry will soon relocate its Connecticut terminal to a site adjacent to the eastern edge of the project, which is expected to increase ridership to more than 1.4 million passengers annually.
Newington, Conn. – The 10-year loan features two years of interest-only payment and a 30-year amortization schedule.
New Britain, Conn. – The acquisition is Grossman’s sixth in Connecticut in the last two years.
Greenwich, Conn. – According to the REIT, the properties are protected from new competition due to high barriers to entry and a lack of developable land in the area.
Bethesda, Md. – The seven-property portfolio in four states totals more than 2.1 million square feet and is approximately 96 percent occupied.
Cheshire, Conn. – The center is currently in the pre-development stage.
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