Zelco Properties & Development with partners complete acquisition of 153,000 s/f grocery-anchored shopping center

Stamford, CT Zelco Properties & Development, with institutional and operating partners, has completed the acquisition of the premier 153,000 s/f Whole Foods Market-anchored shopping center located at 110 High Ridge Rd.

The property occupies a location fronting both High Ridge Rd. and Long Ridge Rd., two of the city’s primary commercial corridors. Anchored by Whole Foods Market and Saks OFF 5TH, the center serves as a retail destination for the surrounding community. The property’s central location is complemented by over 640 surface parking spaces.

The first floor is fully-occupied by Whole Foods Market with the interior buildout done by CM&B.  Approximately 24,000 s/f of divisible space is available on the second level adjacent to Saks OFF 5TH, and an additional 50,000 s/f of divisible space is available on the third level. These spaces present an opportunity for anchor and complementary tenants to establish a presence in a high-performing center within a market where retail vacancy is at historic lows.

Charter Realty is the exclusive leasing representative on behalf of the ownership group.