Bridgeport, CT Recently the property at 111 Wall St., in downtown, was sold by P&J Realty Inc. to Daniel Pizarro. Robert Shawah of Baldwin Pearson & Co, Inc. represented the owner, while Luisa Dias of RE/MAX Right Choice represented the buyer. The multi-story commercial building fronts Wall St. and John St. and is currently occupied on the street level by two retail tenants.
This is the third sales transaction in the past 18 months in the Main, Wall, and John St. section of downtown. The new ownership plans on redeveloping the upper stories to apartments and maintaining the street level space for retail, continuing the ongoing trend of major redevelopment in the downtown district.
The three transactions totaled 22,000 s/f and were sold for an aggregate of $2.04 million.
The other parcels that were sold by Shawah and Dias include the former Subway restaurant location on the corner of Main and John St., and the current Jimmy’s Army Navy building located on Main and Wall St.