Mark Kandkhorov and Michelle Abramov of AssetCRG’s investment sales team exclusively represented RJ Milford LLC in its 1031 purchase of Milford Square in Milford, Ct for $28 Million.
Milford Square is a 62,442± SF retail center fronting directly on Route 1 (22,100 cars per day), the primary retail corridor in Milford, Connecticut.
The property is newly developed and 100% leased to a diverse tenant mix including REI, Panera, Verizon, Sleep Number, and Pet Valu.
Additional tenants at the property include Salons by JC and Tomato & Co.
The class A center is situated in the heart of a regional retail destination, with 3.4 million SF of retail within 5 miles of the center including national retailers such as Costco, Lowe’s, Stop & Shop, Whole Foods, Walmart, Home Goods and Marshalls. The center is surrounded by a dense and growing population with over 50,000 residents within 3 miles and average household incomes over $114,000.
- Asset Commercial Realty Group represented the purchaser in this transaction
- Sold For: $28,000,000
- Asset Type: Shopping Center
- Square Footage: 62,442 SF
- PPSF: $ 448.42