10-building ‘Innovation Center’ in Bridgeport sells for $7.9M

A campus in Bridgeport that houses 10 buildings and is home to more than 160 small businesses and startups has sold for $7.9 million, the Fairfield County Business Journal reported. Time Equities Inc., a New York City-based real estate firm, bought the 269,080-square-foot property at 955 Connecticut Avenue, which is known as the Bridgeport Innovation Center. This is Time Equities’ first purchase in Fairfield County, the firm’s director of acquisitions and senior counsel Max Pastor told the FBJ. He noted that the center is “a destination for all types of businesses, including those priced out of other areas of Connecticut and the greater New York metropolitan area.” CBRE procured the buyer and represented landlord Incubator Associates LP in the sale, the outlet reported. [FBJ]