The strip shopping center at 970 High Ridge Road in Stamford, CT sold recently for $13,293,500. Phoenix High Ridge, LLC sold the property on October 20, 2016 to the self-administered equity REIT Urstadt Biddle Properties, Inc. (UBP) in an all-cash transaction.
The mixed-use property located at 1835 Post Road East in Westport, CT was bought for $4,200,000 by Blackshaw Hunchar, an affiliate of Avison Young. This marks one of several recent acquisitions by Avison Young, which will begin serving as property manager to the three building, .63 acre site.
The Fairfield County Retail Market is comprised of 49,100,000 square feet of inventory. As of the 1st Quarter 2017 the vacancy rate in Fairfield County is 3.9%, 90 basis points lower than the 1st Quarter 2016, and 124 basis points lower than the ten year average.