Wexford Plaza located at 411 West Putnam Avenue in Greenwich, Connecticut has sold for $51.5 million making it the highest priced commercial sale in Greenwich since 2007. The buyers, JMC Holdings, LLC, are a real estate investment company based out of New York City.
Joint venture partners The Wilder Cos. and Principle Real Estate Investors have purchased the 100,000 square foot shopping center for $29 million. The property is in an ideal location for retail, located right on Route 44 and easily accessed from Route 10, and neighboring the towns of Canton, Simsbury and West Hartford.
The 151,000 square foot office complex located at 2 and 4 Armstrong Road in Shelton, Connecticut has been sold to Armstrong Shelton Properties, LLC for $8 million. The purchase was financed by Washington Trust’s Commercial Real Estate Group based out of Westerly, Rhode Island.