Kempner Properties And Lee & Associates Acquire Retail Property In Derby, CT For $33M

The retail property located at 656 New Haven Avenue in Derby, CT has been sold. The asset consists of 198,910 square feet and was sold for a price of $33,000,000, resulting in a price per square foot of $166. The property is part of the retail market in Derby, CT.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $33,000,000
• Address: 656 New Haven Avenue, Derby, CT
• Market: Derby, CT
• Square Footage: 198,910

The transaction involved several key individuals and companies. The buyers, Rob Kempner, Doug Kempner, and Peter Kempner, are represented by Kempner Properties and Lee & Associates, with Peter Braus and James Wacht as their representatives. The seller in this deal is DLC Management. The brokers involved in the transaction are David Gavin and Jeffrey Dunne from CBRE.