Grocery-Anchored Retail Sold at 1365 Post Road East in Westport, CT

CapFor Westport has sold its shopping center at 1365 Post Road East (Route 1) in Westport, CT.

“We expect the purchaser will fare well with the acquisition due to its strong rent roll, easily accessible Route 1 location and surrounding demographics that support high sales volumes,” said Jeffrey Dunne of CBRE’s National Retail Partners, who with David Gavin and Travis Langer represented the seller and procured the buyer.

The 50,800-square-foot retail center is 95% occupied and is anchored by Balducci’s, a gourmet grocer, and Ulta, who is currently building out their space and expected to open in March.

Additional tenants at the property include Tusk Home, W Hair & Color, Zaniac and Awareness Technologies.

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