Time Equities' new Bridgeport, CT holdings.
BRIDGEPORT, CT—Time Equities Inc. has purchased three mixed-use properties here in a deal with Westchester County, NY-based real estate development firm Ginsburg Development Companies for approximately $21.7 million.
The deal involves the addition of 176 rental apartments and approximately 100,000 square feet of mostly retail space. The transaction was announced by brokerage firm HFF, which marketed the property exclusively on behalf of the seller, Ginsburg Development, and procured the buyer, New York City-based Time Equities.
The portfolio consists of three recently restored early 20th century buildings, including the City Trust Building at 955 Main St., an 11-story 135,544-square-foot building. The property features 117 apartments and 43,222 square feet of retail space. Retail tenants at the City Trust building include Citibank and 4 Corner Billiards.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
