Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Grocery Power Center in Waterbury Sells to New Owner of Adjacent Mega Mall
Newmark has completed the sale of Brass Mill Commons, a grocery-anchored power center located in Waterbury, CT.
Geoffrey Millerd of Newmark represented the seller and procured the buyer while Mathew Adler provided additional support on the transaction and Coley Cannon provided financial analysis support.
The 204,447-square-foot Brass Mill Commons is anchored by grocer Save A Lot and national retailers including Dick’s Sporting Goods, T.J.Maxx, Michaels, Petco, Barnes & Noble, Ulta Beauty and Buffalo Wild Wings. The asset also features three restaurant pad sites that are leased to McDonald’s, TGI Fridays and Chili’s Grill & Bar.
“This transaction represents the first time Brass Mill Commons has been sold since its original development in 1997,” said Newmark’s Paul Penman. “The asset is a first-class power center, the dominant center in the market and an excellent complement for the buyer’s separate acquisition of the adjacent 120-tenant Brass Mill Center mall.”
Photo courtesy Newmark
- ◦Sale/Acquisition
