search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
Commercial
New York

Joint venture pays $60M to acquire Milford mall after loan default

Sign Up for the undefined Newsletter

In New Haven County, the Milford Crossing Shopping Center has a new owner, the New Haven Register reported. Seattle-based real estate company Bridge33 Capital and New York-based Waterfall Asset Management have reportedly agreed to pay $59.6 million to purchase the mall, which was owned by Miami Beach-based LNR Partners. JLL brokered the sale. The 371,537-square-foot shopping center in Milford, located between Bridgeport and New Haven, is currently 98 percent leased. It includes stores such as Barnes & Noble, HomeGoods, Petco, Staples and Walmart. A spokesperson for Bridge33 Capital told the Register that the new owners of the 47-acre site “definitely want to keep our existing tenants.” Bridge33 and Waterfall Asset Management acquired the mall through an online auction after a previous owner defaulted on its loan, the outlet reported. [New Haven Register]

Tags
Westchester & Fairfield