New York & Tri-State + Retail | May 2, 2022

Fairfield County Retail Center Sells for Nearly $58M, JLL Closed Whole Foods Anchored Plaza

Fairfield County Retail Center Sells for Nearly $58M; JLL Closes Whole Foods-Anchored Plaza

JLL Capital Markets has closed the nearly $58 million sale of King’s Crossing, an approximately 82,000-square-foot, Class A destination shopping center anchored by Whole Foods Market in affluent Fairfield Township, CT.

JLL marketed the property on behalf of an institutional seller. TA Realty acquired the asset.

Developed in 2011, King’s Crossing is 97 percent leased to a superior mix of needs-based tenants, including Whole Foods, CVS Pharmacy, Petco, Five Guys, Sleep Number and Chipotle. Additionally, A shadow-anchored Home Depot provides additional traffic to the center.

Positioned on 10.5 acres at 330-350 Grasmere Ave King’s Crossing is in Fairfield Township, a highly sought-after community 50 miles from New York City.

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.