$12.2 Million Shopping Center Sale in Waterbury, CT Arranged by Marcus & Millichap

Joseph French

WATERBURY, CT– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Mattatuck Plaza, a 146,930-square foot community shopping center in Waterbury, Conn. The sales price of $12.2 million equates to $83 per square foot.

Thomas Dalzell

Joseph French, a senior director in the firm’s National Retail Group, and Thomas Dalzell, an associate director, both in Marcus & Millichap’s White Plains, N.Y. office, represented the seller, a Boston-based private investment firm and the buyer, a private investor based in Florida.

J.D. Parker, vice president and regional manager of the White Plains office, is Marcus & Millichap’s broker of record in Connecticut.

J.D. Parker

 “Mattatuck Plaza was 80 percent leased at the time of the sale and  attracted a great deal of interest from a wide range of investors who saw the upside potential in the lease-up of 30,050 square feet,” says French.

            Located at 650 Wolcott St., the property is one mile from the 1.2-million square foot Brass Mill Center & Commons mall in Waterbury.

            Tenants at Mattatuck Plaza include Big Lots, Savers, Harbor Freight, Dollar Tree, Chuck E. Cheese and Rainbow.

Contact:

Public Relations

(925) 953-1716