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641 Farmington Avenue

Brian Kosoy Of Sterling Organization Acquires Retail Center In Bristol For $44.4M
SOLDRetail

Brian Kosoy Of Sterling Organization Acquires Retail Center In Bristol For $44.4M

641 Farmington Avenue

$44,400,000

$168/SF

Building Size

263,829 SF

Asset Type

Retail

Closing

Jan 30, 2026

AI

Bristol Plaza is a retail shopping center located at 641 Farmington Avenue in Bristol, CT. The property spans 263,829 square feet and has a sale price of $44,400,000, which translates to approximately $168 per square foot.

Summary of transaction details:

The transaction involved key players in the real estate industry, with Brian Kosoy representing Sterling Organization as the buyer and Donald C. Wood acting on behalf of Federal Realty Investment Trust as the seller. The brokerage team from JLL, including Chris Angelone, Zach Nitsche, Sam Wiesman, and Alex Quinn, facilitated the deal.

Players

Chris Angelone

JLL

Broker

$2.2B

vol

24 deals

Broker
Brian Kosoy

Brian Kosoy

Sterling Organization

Buyer

$927.1M

vol

17 deals

Buyer
Donald C. Wood

Donald C. Wood

Federal Realty Investment Trust

Seller

$299.9M

vol

6 deals

Seller

Bristol Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93