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| Town Green at Wilton Center, Wilton, CT |
BOSTON, MA -–
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $9.9 million
sale of Town Green at Wilton Center,
a 34,956-square-foot boutique shopping center located in the town center of
Wilton, Connecticut.
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| James Koury |
HFF marketed
the property on behalf of the seller, Wilton Center Development, LLC and its
managing member, Boylston Properties, and procured the purchaser, an affiliate
of Westport, Connecticut-based Paragon Realty Group LLC (Paragon).
Town Green
at Wilton Center was completed in 1985 when two buildings were added to the
Centre School, a former elementary school in Wilton, to create the current
three-building retail and office center.
With a dozen tenants, including the US Post Office, Webster Bank, Hunan
Café and Marly’s Bar & Bistro, the center features a gazebo on the town
green that is used for community events.
Town Green
at Wilton Center is situated on five acres at 101 Old Ridgefield Road in
Wilton, an affluent Fairfield County town 55 miles northeast of New York
City.
The HFF
investment sales team representing the seller was led by senior managing
directors James Koury and Fred Wittmann, associate director David Fowler and real estate analyst Patrick McAneny.
 |
| Fred Wittmann |
“I wish John
Nelson and his team at Paragon the best of luck in the next decades of
continuing Town Green as an integral part of the town of Wilton,” said Boylston
Properties president Bill McQuillan.
“I have so enjoyed my time in the town and in
particular working with First Selectman Bill Brennan and, while we will miss
our friends in Wilton, I know the property is in very good hands with Paragon.”
“We are
excited about our acquisition of Town Green,” said John Nelson, Paragon’s
managing principal. “It is located only
a few miles from our offices in Westport, and we look forward to building upon
the strong relationship that Boylston has enjoyed with the Town of Wilton.”
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
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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