Colony Parks, LLC Acquires Retail Property In Milford, CT For $20.3M

A multi-tenant retail property located at 1590 Boston Post Rd in Milford, CT has been sold for $20,329,000. The property spans approximately 7,667 square feet and has a price per square foot of $2,651. The sale was finalized on 07/28/2023.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $20,329,000
• Address: 1590 Boston Post Rd, Milford, CT
• Market: Milford, CT

Colony Parks, LLC was the buyer of the property, while Milford Post Associates, LLC acted as the seller. Michael Richetelli from Colonial Properties, Inc represented the seller in this transaction.

It is worth noting that Michael Richetelli, the President and designated broker of Colonial Properties, Inc, played a crucial role in the sale of this multi-tenant retail property. The property sits on approximately 0.81 acres and was successfully sold for $2,032,900.