The sale of a fully-leased strip shopping center across from Westfarms mall is another sign that open-air shopping spaces are in the forefront of the recovery in retail real estate in the aftermath of the pandemic.
Shopping center near Westfarms mall sells for $26 4 million middletownpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middletownpress.com Daily Mail and Mail on Sunday newspapers.
A 96,691-square-foot commercial property at the West Hartford-Farmington line across from Westfarms mall has sold for $26.4 million, real estate investment firm CBRE announced Wednesday.
The buyer, Agree Realty, owns commercial properties across the country, including plazas anchored by Walmart, Aldi and Best Buy. Its Connecticut holdings include properties with Autozone stores in Orange and Danbury, and a property with an AAMCO auto repair shop in Orange.
CBRE announced today the sale of Cortlandt Crossing, a 122,225 sq. ft. high volume, grocery-anchored shopping center in Mohegan Lake, Westchester County, NY. The CBRE team of Jeffrey Dunne, David Gavin, Steve Bardsley, Jeremy Neuer and Travis Langer represented the owner, Acadia Realty Trust, while also procuring the buyer, Invesco.