Regency Centers Acquires Retail Property In Westport For $45.5M

The retail property located at 431 Post Road West in Westport, CT, was recently sold for $45,500,000. Spanning 76,368 square feet, the property was acquired by Regency Centers from Brooks Torrey & Scott Inc. The transaction price translated to a price per square foot of $596, showcasing the property's value in the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $45,500,000
• Buyer: Regency Centers
• Seller: Brooks Torrey & Scott Inc
• Address: 431 Post Road West, Westport, CT
• Market: Westport, CT
• Broker: Joanna R. Manfro - Matthews Real Estate Investment Services
• SF: 76,368
• PPSF: $596

Joanna R. Manfro of Matthews Real Estate Investment Services played a pivotal role in the successful completion of the deal, representing the seller, Brooks Torrey & Scott Inc. Her expertise and negotiation skills were evident as she facilitated a competitive process that led to Regency Centers emerging as the new owner of Compo Shopping Center. Manfro's dedication ensured that the property was transacted at its true market value, ultimately benefitting all parties involved in the transaction.