Colliers is pleased to announce the sale of the leasehold interest of Liberty Rock Shopping Center, located at 589 Bridgeport Avenue in Milford, CT.
The 175,000sf shopping center is anchored by Ocean State Job Lot and Dollar Tree. The site also includes a freestanding Walgreens and Taco Bell. Located directly off Interstate 95 at Route 1, the property benefits from excellent demographics and visibility.
John Cafasso and Ian Hunt of Colliers Hartford represented both the seller and purchaser. Colliers Property Management also acted as Receiver on behalf of the Lender, M&T Bank.
The purchaser is a private developer and investor based in Fairfield County.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliersor LinkedIn.