{"id":1004317301,"date":"2019-04-18T02:54:25","date_gmt":"2019-04-18T10:54:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004317301"},"modified":"2025-02-28T00:00:55","modified_gmt":"2025-02-28T08:00:55","slug":"retail-asset-along-ct-shoreline-trades-for-60m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/","title":{"rendered":"Connecticut Retail Asset Commands $60M"},"content":{"rendered":"
\"Milford<\/a>

Milford Crossing Shopping Center. Image via Google Street View<\/em><\/p><\/div>\n

Waterfall Asset Management and Bridge33 Capital have acquired the 371,537-square-foot Milford Crossing Shopping Center in Milford, Conn. JLL brokered the $59.6 million sale on behalf of the seller, LNR Partners, while the partnership represented themselves.<\/p>\n

The JLL team consisted of Managing Directors David Monahan and Chris Angelone, Executive Vice President Nat Heald and Senior Vice President Cameron Pittman.<\/p>\n

Located at 1349-1417 Boston Post Road, the property is adjacent to Connecticut Post Mall and close to the intersection between Interstate 95 and Route 1. The shopping center is anchored by a Walmart, with other tenants including Marshalls, Barnes & Noble, Staples and Petco. At the time of the deal, Milford Crossing Shopping Center was 98 percent leased.<\/p>\n

\u201cMilford Crossing is located at the 50-yard line of one of the most important retail corridors along the Connecticut shoreline,\u201d <\/em>said Jahan Moslehi, managing principal & co-founder of Bridge33 Capital, in a prepared statement.  <\/em><\/p>\n

The sale comes on the heels of another acquisition for Waterfall Asset Management. The institutional asset manager, in partnership with Fenway Capital Advisors, recently purchased Four Points Business Park in San Diego for $28.2 million.<\/a><\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

JLL\u2019s David Monahan, Chris Angelone, Nat Heald and Cameron Pittman assisted the seller in the disposition of the roughly 370,000-square-foot Milford Crossing Shopping Center.<\/p>\n","protected":false},"author":748,"featured_media":1004317304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,21749],"tags":[32796,33296,32917,45077],"class_list":["post-1004317301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-jll","tag-lnr-partners-llc","tag-walmart","tag-waterfall-asset-management"],"acf":[],"yoast_head":"\nConnecticut Retail Asset Commands $60M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connecticut Retail Asset Commands $60M\" \/>\n<meta property=\"og:description\" content=\"JLL\u2019s David Monahan, Chris Angelone, Nat Heald and Cameron Pittman assisted the seller in the disposition of the roughly 370,000-square-foot Milford Crossing Shopping Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-18T10:54:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T08:00:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Milford-Crossing-Shopping-Center--e1555514838707.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1186\" \/>\n\t<meta property=\"og:image:height\" content=\"889\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/\",\"name\":\"Connecticut Retail Asset Commands $60M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Milford-Crossing-Shopping-Center--e1555514838707.jpg\",\"datePublished\":\"2019-04-18T10:54:25+00:00\",\"dateModified\":\"2025-02-28T08:00:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/retail-asset-along-ct-shoreline-trades-for-60m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Milford-Crossing-Shopping-Center--e1555514838707.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Milford-Crossing-Shopping-Center--e1555514838707.jpg\",\"width\":1186,\"height\":889,\"caption\":\"Milford Crossing Shopping Center. 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