Urstadt Biddle Properties has bought two retail properties on Putnam Avenue in Greenwich for $18M. Urstadt Biddle acquired the properties from the Chimblo family, who had constructed and owned the properties for more than four decades.
The first property, West Putnam Plaza, contains 9,300 square feet of retail space on 125-143 West Putnam Avenue. The plaza is anchored by Stop & Shop and boasts other tenants such as JP Morgan Chase Bank and local businesses. The second property is located at 393-407 East Putnam Avenue and is known as the Cos Cob Plaza. This 15,000 square foot center has retail and office space and is home to Joseph A. Bank retailer.