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| Jim Koury |
BOSTON, MA –– Holliday Fenoglio
Fowler, L.P. (HFF) announces the sale of Naugatuck Valley Shopping Center,
a 382,864-square-foot, grocery-anchored shopping center in Waterbury,
Connecticut.
The HFF team marketed the property on behalf of
the seller, and procured the buyer, Premium Property LLC and BH Premium
Quality Waterbury LLC.
Naugatuck Valley Shopping Center is 77.1 percent
leased and is anchored by the region’s highest grossing Walmart as well as a
full service Stop & Shop. The 50.5-acre site offers 2,155 parking
spaces and features additional tenants such as Panera Bread, Bob’s Stores and
Wendy’s.
Located
at 950 Wolcott Street, the center is within close proximity of Interstates 84 and
95, the primary routes between Boston, Hartford and New York City. The
center benefits from a trade area comprising 100,000 residents within three
miles of the center and 368,000 residents earning an average household income
of $87,400 within 10 miles of the center.
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| Naugatuck Valley Shopping Center, Waterbury, CT |
“As with many
retail centers today, Naugatuck is going through a transitionary phase, which
presents an exciting opportunity for the next owners to reposition the center
by re-merchandising the tenancy to reflect the new wave of concepts in
retailing,” according to Koury.
For more
information, please contact:
KRISTEN MURPHY
HFF Director,
Public Relations
(617) 338-0990
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