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.
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.
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.