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Stop & Stop-anchored retail center sells for $26.5M in Rockland County

Stop & Stop-anchored retail center sells for $26.5M in Rockland County
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Clarion, Paragon sign flagship deal with UK retailer


Clarion Partners and its JV partner, Paragon Realty Group, has signed a 10,542 s/f lease with furniture retailer OKA at 44 Main Street in Westport, CT.
Cushman & Wakefield’s Alan Schmerzler and Kathleen Fazio arranged the long-term lease on behalf of the landlord, Westport Main Street Retail LLC – a partnership of Westport-based Paragon Realty Group LLC and New York-based Clarion Partners. Cassie Durand of CBRE represented OKA, which sells luxury furniture, décor and home accessories and will use the two-level space for its U.S. flagship store.
“OKA’s selection of 44 Main Street for its U.S. flagship store is a tremendous example of the strength of the suburban communities that comprise Connecticut’s Gold Coast,” said Schmerzler. “The completion of this transaction, which was on hold for a year due to the pandemic, reaffirms the value, vitality and importance of suburban retail, as well as the critical role that main streets play in international and nation ....

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