MERIDEN, CT—The grocery-anchored Townline Square Shopping Center has changed hands in an all-cash deal valued at close to $45 million.

Greenwich, CT-based retail REIT Urstadt Biddle Properties reports it has sold the 315,000-square-foot shopping center located at 533 South Broad St. here to a private real estate property group. Brokerage firm HFF, led by Jim Koury, exclusively represented Urstadt Biddle in the sales deal and introduced the buyer.

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