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Bridge33, Waterfall Team Up to Buy Milford, CT Center
Seattle-based Bridge33 Capital and New York-based Waterfall Asset Management have acquired Milford Crossing Shopping Center in Milford, CT for approximately $59.6 million from LNR Partners LLC. Located adjacent to the super-regional Connecticut Post Mall, the 371,537-square-foot center is 98% leased.
A JLL team of David Monahan, Chris Angelone, Nat Heald and Cameron Pittman arranged the sale on LNR’s behalf. Bridge33 and Waterfall represented themselves.
“Milford Crossing is located at the 50-yard line of one of the most important retail corridors along the Connecticut shoreline,” said Bridge33’s Jahan Moslehi. “Our plan is to continue to seek out the best retailers across the nation, and put them into our shopping center. Milford Crossing is an excellent fit for our target criteria and complements our existing national retail footprint.”
The property is anchored by Walmart and its tenant roster includes Marshalls, HomeGoods, Petco, JOANN, Barnes & Noble, Staples, Golf Galaxy and Five Below.
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