News: Brokerage

Penn Gardner leases 12,142 s/f to Petco

Petco, a specialty retailer of pet products and services, has signed a ten-year lease for a 12,142 s/f retail store in Litchfield Crossings, one of Litchfield County's largest shopping centers. The space is in an existing building situated between Kohl's and Home Goods. Atlantic Properties represented the tenant and Goldschmidt & Associates represented the landlord. "We are ecstatic to announce that we have signed a lease with Petco. They will be a wonderful addition to the Litchfield Crossings family as well as to the New Milford community," said Kristen Gizzi Flynn, executive director of the Crossings. Petco employs more than 25,000 partners and operates 1,300 locations across the U.S., Mexico and Puerto Rico including 100 Unleashed by Petco locations and nine Pooch Hotels specializing in pet care, boarding, grooming and training as well as pets for sale and adoption. "Think Adoption First" is the company's philosophy, encouraging the adoption of pets needing homes rather than the purchase of companion animals. Litchfield Crossings and its management and development company ECCO Development LLC, an affiliate of ECCO lll Enterprises, are both owned by the Westchester-based Gizzi Family. ECCO Development, LLC owns and manages a portfolio of 750,000 s/f of building/commercial space and owns, manages and leases approximately 250,000 s/f of land throughout Westchester County.
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Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

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