Acadia Realty Trust buys Village Square for $14.138 Million

Acadia Realty Trust, a New York based REIT, has purchased the Village Square shopping center for $14.138 Million. Located at 181-185 Main Street, Westport, Connecticut, the property is home to the tenants TD Bank, NA which occupies 7,650 S.F.; House of Clement, a home furniture design store in 3,750 S.F.; Charter Realty, a management and development company in 1,500 S.F.  and Westport Physical Therapy in 2,000 S.F.

Ronald Marsilio of the The Marsilio Group, LLC developed the property in 1996 has been a managing partner since its inception.  In 2005 he sold a 60% interest of the property to The Frailo Family Partnership.