Institutional Property Advisors Completes Sale of Ansonia Landing Shopping Center in Ansonia Connecticut for $14 million
“Ansonia Landing consists of a freestanding, 60,000-square-foot Stop & Shop with a 31,460-square-foot multi-tenanted strip center occupied by tenants who have been there for nearly0 years,” said Jim Koury, IPA senior managing director of investments. “The center benefits from strong traffic flow along its strategic position at the bridge, connecting the towns of Ansonia and Derby. An adjacent BJ’s Wholesale Club also draws customers to the intersection as a shadow anchor.”
Koury exclusively represented the seller, Ansonia (E&A) LLC and procured the buyer, RGMZ Acquisitions LLC.
Built in 1979, Ansonia Landing is presently 91.5% occupied with 77% of its revenue securely generated from two essential tenants, Stop & Shop and Ansonia Discount Wine & Liquor.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.