Commercial Real Estate News
Post Maple LLC Acquires Prime Generational Retail Property in Westport, CT for $3.45M
Westport, CT– April 29, 2013 – Jon Angel, President of Angel Commercial L.L.C., a Fairfield-based commercial real estate brokerage firm, announces the sale of 1529 Post Road East, Westport to Post Maple LLC for $3.45M.
The subject property is situated on 2.1 acres and located at a signalized intersection in a much sought-after area on Post Road and Maple Avenue North.
The 7,680 SF retail center attracted multiple buyers despite not being offered on the open market.
Angel explains, “the seller owned the property for over 45 years. It attracted a long list of qualified buyers on an unsolicited basis due to its prime corner location, with traffic lights. Developers and national retailers seek out locations in areas with a high traffic count”. Angel represented the buyer and the seller, Joseph Rothman Westport L.L.C., in this transaction.
The property was acquired fully leased. Long-term tenants include; Maple Cleaners, Boat Locker, Dunkin’ Donuts, Sun Reflexology, and Top Drawer. There are no plans to change anything at the premises, other than a general clean-up of the property.