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New York & Tri-State  + Fairfield/Westchester  + Retail  | 

Fully Occupied Neighborhood Center Changes Hands in Fairfield County

Heritage Plaza, a newly renovated, 26,403-square-foot neighborhood shopping center located at 28 CT-39 in New Fairfield, CT, has sold for $6,191,000. Heritage Acquisitions LLC acquired the fully leased complex from 28 Route 39, LLC.

The CBRE team of Karly Iacono, Dean Rosenzweig and Christopher Betting spearheaded the marketing campaign for the property and represented the seller. Mark Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer. John Krueger, broker of record in Connecticut, assisted in closing the transaction. 

“Heritage Plaza is an exceptionally well-positioned and fully occupied center located on State Route 39 with over 26,000 square feet on five acres of land,” said Krantz, first VP investments with Marcus & Millichap.

Located in Fairfield County, approximately 60 miles outside New York City, Heritage Plaza contains a mix of service-based tenants including First Step Pre-School and New Fairfield Animal Hospital. Neighboring retailers include Stop & Shop, Starbucks, Dunkin, Prime Time Fitness and Webster Bank.

Read More News Stories About: CBRE, Marcus & Millichap
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Marcus & Millichap's KrantzCBRE's Iacono

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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