Urstadt Biddle Acquires Retail Property In Shelton, CT For $33.6M

The retail property located at 858-902 Bridgeport Ave in Shelton, CT has been sold for a price of $33,600,000. The transaction took place on February 9, 2022. The property spans an area of 186,000 square feet, resulting in a price per square foot of $181. The buyer of the property is Urstadt Biddle Properties Inc, represented by Willing L. Biddle.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $33,600,000
• Address: 858-902 Bridgeport Ave, Shelton, CT
• Market: Shelton, CT
• Buyer: Urstadt Biddle Properties Inc - Willing L. Biddle

Willing L. Biddle from Urstadt Biddle Properties Inc played a vital role in this transaction as the buyer's representative. The deal signifies a significant investment in the retail market in Shelton, CT, and highlights the confidence placed by the buyer in the potential of this property.