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GREENWICH, CT-Locally based retail REIT Urstadt Biddle Properties Inc. reports it has acquired two shopping centers on the highly sought after Putnam Avenue here for $18 million.

One of the properties is a 9,300-square-foot retail strip center located on West Putnam Avenue shadow anchored by a Stop and Shop supermarket. The center includes Cosi, JP Morgan Chase Bank, and additional tenants consisting of a high-end wine retailer, a day spa and women’s fitness studio. The second property, located on East Putnam Avenue, is a 15,000-square-foot retail and office center that includes national men’s clothier Jos A. Bank and other retailers.

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