Jordan Fried Of Sterling Organization Acquires Retail Center In Bloomfield From AMCAP Inc. For $54.2M

The Copaco Center is a retail asset located at 335 Cottage Grove Road in Bloomfield, CT. It was sold for $54.2 million and encompasses a total of 439,644 square feet, translating to a price per square foot of $123. The shopping center is currently 93% leased and features well-known anchors such as Stop & Shop and Lowe’s, along with other tenants including Burlington, Planet Fitness, Dollar Tree, Five Below, CVS, IHOP, and McDonald’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $54,200,000
• Address: 335 Cottage Grove Road
• Market: Bloomfield, CT
• Square Footage: 439,644
• Price per Square Foot: $123
• Buyer: Jordan Fried - Sterling Organization
• Seller: AMCAP Inc.

Jordan Fried represents Sterling Organization in this transaction, facilitating the acquisition from AMCAP Inc. This strategic buy strengthens Sterling Organization’s portfolio in the retail sector, expanding their footprint in the market with a well-leased shopping center.