The Real Deal New York

Shopping center owner pays $7M for Greenwich office and retail building

January 17, 2019 12:07PM

A private investor sold a three-story mixed-use building in Greenwich to Charter Realty & Development Corporation, which owns or operates more than 80 U.S. shopping centers, the Greenwich Time reported. Stephen Westerberg, first vice president of Marcus & Millichap Westerberg in Stamford, had the listing and brought in the buyer, according to the Westchester County Business Journal. The 8,300-square-foot building at 301 Greenwich Avenue was once home to the flagship store of the local Finch’s pharmacy chain before a Starbucks took it over. The property now houses both office and retail space and fetched $7 million for seller Joel Adelman, the outlet reported. [Greenwich Time]