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:
- Property Type: Retail
- Transaction Amount: $44,400,000
- Address: 641 Farmington Avenue
- Market: Bristol, CT
- Square Footage: 263,829
- Price per Square Foot: $168
- Buyer: Brian Kosoy - Sterling Organization
- Seller: Donald C. Wood - Federal Realty Investment Trust
- Brokers: Chris Angelone, Zach Nitsche, Sam Wiesman & Alex Quinn - JLL
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
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