Zelco Properties, Partners Acquire Whole Foods Market-Anchored Property in Stamford, Connecticut

Stamford, Conn. — Zelco Properties & Development, along with a real estate private equity firm and an operating partner focused on retail real estate, have acquired a 153,000-square-foot Whole Foods Market-anchored shopping center located at 110 High Ridge Road in Stamford. The purchase price was $62 million, as reported by CT Insider. The first floor of the property is fully occupied by Whole Foods, while the second level offers 24,000 square feet of available space adjacent to Saks OFF 5TH. The third floor comprises an additional 50,000 square feet. Charter Realty will handle leasing on behalf of the ownership group.