A shopping plaza anchored by a Stop & Shop supermarket in Ansonia recently changed hands in a $14 million deal.
The plaza, known as Ansonia Landing, is at 100 Division St., and features multiple tenants.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the investment sale.
Jim Koury, IPA senior managing director of investments, represented the seller, Ansonia E&A LLC, and procured the buyer, RGMZ Ansonia Landing LLC.
The plaza is currently about 91.5% occupied, with most of its revenue generated by Stop & Shop and Ansonia Discount Wine & Liquor, according to an announcement.
The Stop & Shop occupies about 60,000 square feet, while a multi-tenant strip center includes another 31,460 square feet. According to Koury, many of the tenants have been there for several years.
“The center benefits from strong traffic flow along its strategic position at the bridge, connecting the towns of Ansonia and Derby,” Koury said. “An adjacent BJ’s Wholesale Club also draws customers to the intersection as a shadow anchor.”
Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.
