Milford, Conn. — CBRE has negotiated the $4.7 million sale of a 4,596-square-foot retail property in the coastal Connecticut city of Milford. The freestanding property is situated on 2.5 acres at 1651 Boston Post Road and houses a bank branch for JPMorgan Chase. Charles Berger, Elli Klapper and Samuel Bernhaut of CBRE represented the seller, Klein Automotive Parts, in the transaction. The buyer was an undisclosed national REIT.
Stamford, Conn. — Newmark has negotiated the sale of the 760,000-square-foot Stamford Town Center, an urban mall in the city’s downtown area that was built in 1982 and houses approximately 100 tenants. According to the Stamford Advocate, the sales price was $20.1 million. The sale includes an additional 10 acres and a 3,500-space parking garage. Christian Bangert of Newmark represented the buyer, Yaraghi Realty, a division of family-owned furniture provider Safavieh, in the transaction. Christopher Hoffmann and Steven Livaditis of Eastdil Secured represented the seller, Taubman Centers. Anchor tenants at Stamford …
Hartford, Conn. — ABS Altman Warwick, a division of ABS Partners Real Estate, has arranged a $15.2 million permanent refinancing loan for Charter Oak Marketplace, a 309,800-square-foot shopping center located in Hartford. An undisclosed direct lender provided the seven-year, non-recourse loan, which features a fixed interest rate of 3.5 percent. Walmart anchors the shopping center along with tenants including Marshall’s and Dollar Tree, as well as several restaurants. The borrower was Paramount Realty. Morris Dweck of ABS Altman Warwick originated the loan.
West Haven, Conn. — Houlihan-Parnes Realtors LLC has brokered the $2.1 million sale of Woodlawn Shopping Center, a 31,150-square-foot retail center in West Haven, a southwestern suburb of New Haven. At the time of sale, space at the shopping center was leased to 10 retail tenants including several restaurants, a bowling alley and a beauty salon. The property also includes a 20,000-square-foot vacant parking lot across the street. Jeremiah Houlihan of Houlihan-Parnes represented the buyer, a family-owned real estate holding and managing company based in Yonkers, New York. The seller …
Wallingford, Conn. — O,R&L Commercial LLC has brokered the sale of a 17,600-square-foot retail property in Wallingford, a northern suburb of New Haven, for $1.6 million. The property is located at 200 Church St., on State Route 68. At the time of sale, the property was 100 percent leased to a mix of restaurants, retailers, a printing and marketing company and a recycling center. Rich Guralnick and Toby Brimberg of O,R&L Commercial represented the seller, an undisclosed private trust, in the transaction. Phil Marshall of O,R&L represented the buyer, Northern …
Norwalk, Conn. — Bob’s Discount Furniture has opened a 30,000-square-foot store in Norwalk, a western suburb of Bridgeport. The Manchester, Connecticut-based retailer operates 122 stores across 18 states. The store, which is Bob’s ninth in Connecticut, is located at 59 Connecticut Ave. The building was formerly leased to Toys ‘R’ Us. Benderson Development acquired the property during the toy retailer’s asset liquidation.
Branford, Conn. — Lyman Real Estate (LRE) has arranged the $1.1 million sale of a 9,331-square-foot retail building in Branford, an eastern suburb of New Haven. The building at 854 W. Main St. was previously occupied by Party City. The buyer, LA-IN-USA LLC, will use 3,000 square feet on the first floor to expand its Villa Nail Spa business. Ron Lyman of LRE represented the buyer in the transaction. Jeffrey Kravet of Kravet Realty represented the seller, Branford Realty Trust LLC.
Greenwich, Conn. — Kensico Properties has acquired a retail and office property in Greenwich, located about 30 miles north of New York City, for $67 million. The 62,850-square-foot property is located at 200 Greenwich Ave. on a retail corridor that also includes Tiffany, Gucci and Vineyard Vines. Jeffrey Dunne, David Gavin, Jeremy Neuer and Travis Langer of CBRE represented the landlord, 200 Greenwich Avenue LLC, in the transaction, and procured the buyer.
Greenwich, Conn. — Midwood Investment & Development has sold a retail property leased to CVS in Greenwich. The 10,695-square-foot property is located at 99 Greenwich Ave., in a retail and restaurant corridor that also includes apparel vendors Saks Fifth Avenue and Gucci. Jeffrey Dunne, David Gavin, Travis Langer and Will Pike of CBRE represented the seller in the transaction. The trio also procured the undisclosed buyer.
Fairfield County, Conn. — Worth Avenue Capital has provided a $3.5 million bridge loan for a 16-acre retail development in Fairfield County, Connecticut.