Saugatuck Commercial Real Estate brokers $8.3m sale of Ansonia Landing Shopping Center

Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.

The shopping center, originally developed in 1989, features a former Stop & Shop box and a retail strip center situated on a highly visible nine-acre parcel directly off Rte. 8 (Exit 16). The center has historically drawn significant regional traffic due to its prominent frontage on Division St., ample parking and its strategic position within a rapidly growing retail trade area.

“We are very pleased to have facilitated this transaction on behalf of our client,” said Penny Wickey, principal of SCRE. “Ansonia Landing represents a tremendous value-add opportunity. New ownership is well-positioned to upgrade the center with a new mix of tenants that will complement recent retail additions to the market”

SCRE, which handled leasing for prior owners of the shopping center (RPT, KIMCO) will remain involved as the exclusive leasing agent for the center. Wickey and Charlie Manuel will spearhead the effort for SCRE.