Urstadt Biddle Properties plans greater investment in Stamford mall

TRD New York /
Jun.June 15, 2017 04:09 PM

Having initially invested $5.4 million in the High Ridge Shopping Center in Stamford, Greenwich-based Urstadt Biddle Properties is planning to issue stock to raise money to buy a larger stake in the popular mall. The shopping center, which currently houses a Trader Joe’s, Starbucks and several other vendors, generated about $3.5 million in revenue in its most recent quarter reports, according to Greenwich Time. Earlier this year, Urstadt Biddle also acquired Derby’s Pershing Square Shopping Center for $9 million. [Greenwich Time]

Related Articles


The Seychelles to auction off estate at a discount after diplomat’s divorce

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Paul Simon’s Connecticut estate is on the market for $14M

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

This new bill is taking aim at property taxes for golf courses — including Trump’s

Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

Placeholder image

Edge-on-Hudson developers enlist architect for parks and paths

Placeholder image

Report finds Norwalk and Stamford have highest rents in Connecticut