Bridgeport, CT – Investment sales broker Northeast Private
Client Group has announced the sale of Killingworth Village, a
bank-anchored retail property located at 184 Route 81 in Killingworth, CT.
David Almeida, a licensed commercial specialist in
the firm’s Bridgeport office, represented the seller exclusively in the
$3,250,000 transaction, which closed on June 18.
“The successful completion of this sale is yet another
positive indication of the strong demand for desirable, well-positioned retail
properties,” said Almeida. “We were
able to create tremendous competition among qualified buyers to acquire this
asset.”
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| David Almeida |
The property, 4.5 miles north of the Clinton Crossings
regional outlet center and I-95, comprises five buildings with nearly 20,000
square feet of leasable retail, office and residential space. The property is anchored by net-leases with
TD Bank and Subway.
The seller, Southport Holdings LLC of Trumbull, CT, held the
asset for nearly a decade and is now refocusing on private real estate
lending. The buyer, Anderson Family
Trust of Tampa, FL, acquired the Killingworth property as part of an IRS
1031-exchange strategy from the sale of multifamily properties in East
Hartford, CT.
“This transaction clearly played to the strengths of our
platform,” said Edward Jordan, JD, CCIM, managing director of Northeast
Private Client Group. “With offices
throughout the Northeastern U.S., we leveraged our relationships to source a
well-qualified buyer with competitive interests in the Connecticut real estate
market.”
For a complete copy of the company’s news release, please
contact:
Randy Savicky
Strategy+Communications
203.226.6156
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