Wednesday, November 13, 2013

HFF closes sale of Stop & Shop and Walmart-anchored shopping center in southwestern Connecticut


Naugatuck Valley Shopping Center, 950 Wolcott Street, Waterbury, CT

Jim Koury
BOSTON, MA – HFF announced today that it has closed the sale of Naugatuck Valley Shopping Center in Waterbury, Connecticut, one in a series of upcoming retail sales for the Boston retail team. 

HFF exclusively marketed the center on behalf of the seller and identified the buyer, Cole Real Estate Investments, Inc.

Naugatuck Valley Shopping Center is a 382,864-square-foot, Stop & Shop and Wal-Mart-anchored shopping center situated on 50.51 acres at 950 Wolcott Street approximately 2.5 miles north of Interstate 84 in Waterbury.     

The HFF team representing the seller was led by senior managing directors Jim Koury and Coleman Benedict.

“The sale of Naugatuck is the first in a series of retail deals HFF’s Boston Retail Group is expecting to close over the next several months,” said Koury. 

Coleman Benedict
“It’s been a busy year for our Boston retail team with more than $135 million in retail sale transactions totaling more than 1.0 million square feet closed thus far in the past 90 days with additional retail transactions totaling more than 2.8 million square feet either in marketing or expected to close over the next several months by the Boston team.”   

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel 617.543.4873 | www.hfflp.com

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