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Sterling Organization Snags Grocery-Anchored CT Retail
JLL Capital Markets secured the $44.4-million sale of Bristol Plaza, a 263,829-square-foot, grocery-anchored shopping center in the Hartford suburb of Bristol, CT. JLL worked on behalf of the seller, Federal Realty Investment Trust. The buyer was Sterling Organization.
The JLL Capital Markets Investment Sales and Advisory team was led by senior managing director Chris Angelone, directors Zach Nitsche and Alex Quinn and associate Sam Wiesman, with financing assistance from managing director Henry Schaffer.
“Bristol Plaza represented a unique opportunity to acquire a performing grocery-anchored retail center with a dominant anchor,” said Angelone. “The property’s strong credit tenant lineup and strategic location in Bristol’s primary retail corridor made it highly attractive to investors and led to a competitive marketing process.”
Located at 641 Farmington Ave., Bristol Plaza is 93.1% occupied and anchored by a dominant Stop & Shop supermarket. Stop & Shop is complemented by prominent national tenants including T.J. Maxx, Burlington, Five Below, Dollar Tree and Starbucks.
- ◦Sale/Acquisition
- ◦Financing
