Danbury retail building anchored by major grocery store sells for $16.7M

A Danbury retail building anchored by a Stop & Shop supermarket has sold for $16.7 million, according to the city clerk’s office.

The 60,254-square-foot building, at 44 Lake Ave. Ext., was purchased by NS Retail Holdings LLC, which is controlled by NETSTREIT Corp., a Dallas-based publicly traded real estate investment company.

NETSTREIT, according to its website, owns 686 retail buildings throughout the country, including two properties in Connecticut.

Calls to NETSTREIT were not immediately returned.

The seller of the Danbury shopping plaza was Mill Plain Center Limited Partnership, which put the property up for sale in December. Mill Plain bought the building for $1.7 million in 1986, according to property records.

The building, which was constructed in 1989 and sits on 5.41 acres, is assessed at $9.87 million and appraised at $14.1 million, according to the city.