WATERBURY, CT—HFF reports that the $27.15-million sale of the grocery-anchored Waterbury Plaza shopping center here has closed.
The 141,443-square-foot property was acquired by Toronto-based Slate Properties, Inc. from Kimco Realty Corp., which is headquartered in New Hyde Park, NY. HFF marketed the property on behalf of Kimco.
Waterbury Plaza is located at 410 Reidville Drive, adjacent to Interstate 84, and approximately 16 miles north of New Haven. The fully-leased center is anchored by Stop & Shop and Raymour & Flanigan.
Slate Retail REIT is an open-ended real estate investment trust focused on U.S. grocery-anchored real estate. The REIT's portfolio includes more than 30 properties located primarily in some of the top 50 U.S. metro markets.
The HFF investment sales team was led by Senior Managing Director Jim Koury.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
