Regency Centers has acquired a 76,368-square foot shopping center in Westport, CT from an undisclosed buyer. The CVS-anchored center, called Comp Shopping Center, traded for $45.5 million.

Matthews Real Estate Investment Services represented the seller in the asset's disposition,

This is the first time the center has traded since opening. Prior to the sale, the property was family-owned for three generations. The buildings boast a 91.65% occupancy rate.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Retail
Northeast