Yaraghi Realty Acquires Retail Property From Taubman Centers In Stamford For $20.1M

The 760,000-square-foot Stamford Town Center, an urban mall located at 100 Greyrock Pl, Stamford, CT, 06901, recently sold for $20.1 million. The property, built in 1982, houses around 100 tenants and includes an additional 10 acres of land along with a 3,500-space parking garage. Anchor tenants such as Macy’s, Saks Fifth Avenue OFF 5th, H&M, and Barnes & Noble contribute to the vitality of the retail asset nestled just two blocks north of Interstate 95 in Stamford.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,100,000.00
• Market: Stamford
• Seller's Rep: Stephen Livaditis (Eastdil Secured)
• Buyer: Yaraghi Realty
• Seller: Taubman Centers
• SF: 760,000

Christian Bangert of Newmark represented the buyer, Yaraghi Realty, a division of the family-owned furniture provider Safavieh, in the purchase of Stamford Town Center. On the seller side, Christopher Hoffmann and Steven Livaditis of Eastdil Secured served as the representatives for Taubman Centers during the transaction, showcasing the role of key individuals from prominent real estate firms in the successful sale of this retail property.