Time Equities buys Bridgeport Trade and Technology Center for $13.85M

New York /
Mar.March 07, 2019 02:49 PM

New York City-based Time Equities has shelled out $13.85 million to acquire the Bridgeport Trade and Technology Center (BTTC), the real estate investor said in a statement. Time Equities “has become an active investor in [Bridgeport], acquiring over 1 million square feet of commercial space, 176 apartments and 8.5 acres of vacant land within a six-month period,” it said. In January, Time Equities snapped up three mixed-use properties in downtown Bridgeport for $21.7 million, only two months after it paid $7.9 million for the 10-building Bridgeport Innovation Center. The firm’s latest acquisition of the BTTC, a business incubator located at 480 Barnum Avenue, includes a 575,000-square-foot complex and 8.29 acres of land, the Connecticut Post reported. “It’s a very flexible building with great bones and really lends itself to a multitude of uses and can really be an economical choice for business owners,” Time Equities’ director of acquisitions and senior counsel Max Pastor told the outlet. [CTPost]


Related Articles

arrow_forward_ios
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)

Westchester group lobs its own constitutional challenge to New York’s rent law

Westchester group lobs its own constitutional challenge to New York’s rent law
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)

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

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

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

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

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

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

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

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

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

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

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

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

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

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...