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Urstadt Biddle Acquires Mixed Use Properties in Greenwich

Urstadt Biddle has purchased two mixed use properties totaling 89,000 square feet in the Cos Cob and Old Greenwich sections of Greenwich. The company acquired the properties for $47.4 million, or $533 per square foot. The first building stands three stories and is comprised of 48,000 square feet. A 15,600 square foot CVS Pharmacy anchors the property which sold 97% occupied. The second property contains two stories and 41,000 square feet, anchored by an 18,200 square foot King’s Supermarket.

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Stamford Property Sells in Mack-Cali Portfolio

Mack-Cali sold a portfolio of twelve office properties in Connecticut, New York, and New Jersey to Keystone Property Group in February of this year. Keystone and Mack-Cali have now closed on the final six office buildings located in Westchester County and Stamford. The six buildings sold for a total of $91.5 million.

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Shelton Office Building Sells for $6.3M

375 Bridgeport Avenue, a class B office building in Shelton, has sold to Woodgreen Management, Inc. for $6.3 million ($136/SF). The property was marketed at an undisclosed price and received nine written purchase offers.