Manhattan-based real estate investment company Curbline Properties has paid $30.5 million for a recently completed 56,444-square-foot shopping center in Shelton.
In a deed recorded June 26, a Curbline affiliate bought four buildings and 6.1 acres along busy Bridgeport Avenue from an affiliate of New Jersey-based Highview Commercial.
Curbline, which focuses on shopping centers in high-income communities, claimed a portfolio of 4.8 million square feet over 176 properties nationally as of the close of 2025.
The sale, including 779, 785, 789 and 795 Bridgeport Ave., is a significant portion of the Fountain Square Plaza. Three additional buildings in the plaza are still on the market.
The Fountain Square center in Shelton hosts Chick-fil-A, CAVA, Jersey Mike’s, Tropical Smoothie, Consumer Cellular, Club Pilates, Yale New Haven Urgent Care and Crumbl Cookies, among other tenants.
Adjacent properties hosting a Trader Joe’s and The Goddard School are under contract. A neighboring building hosting a Panera Bread will shortly come to market.
Robert Horvath, Todd R. Tremblay and Matthew Nadler of Horvath & Tremblay represented the seller and procured the buyer.
In a release, Horvath & Tremblay noted Fountain Square’s position on a busy retail, medical and corporate office corridor running between Route 8 and the Trapp Falls Reservoir in Fairfield County.
Horvath noted the growing attraction of Shelton, and the busy Bridgeport Avenue corridor.
“I’ve probably sold seven or eight buildings on that street,” Horvath said. “Shelton is very desirable because it is still in Fairfield County but has a significantly lower cost of living than lower Fairfield County.
