Brookside Heart. Picture courtesy of DLC
DLC has acquired Brookside Heart, a 168,655-square-foot, grocery-anchored buying middle in Bridgeport, Conn., for $46.5 million. The earlier proprietor, EDENS, had acquired the asset in 1998 for $26.2 million, based on CommercialEdge information.
The bought property marks DLC’s eighth asset in Connecticut. The agency’s portfolio within the Bridgeport New Haven market consists of Newington Truthful Procuring Heart, Torrington Commons, Putnam Place Procuring Heart and Prospect Procuring Plaza, the identical information supplier exhibits.
Located on 16 acres at 4531 N. Essential St., Brookside Heart got here on-line in 1958. A Tremendous Cease & Store and Marshalls anchor the retail asset; Michaels and Starbucks are additionally on the roster.
Tenants are inside a mile of the Trumbull Park Mall and the Sacred Coronary heart College. The Merritt Parkway, lower than a mile from the positioning, connects the middle to main junctions with accessibility to the bigger Connecticut, New York and Northeastern areas.
Earlier this 12 months, DLC and Acadia Realty Belief obtained financing for the recapitalization of a 512,218-square-foot grocery-anchored buying middle in New York. The Shoppes at South Hills options tenants together with ShopRite, At Dwelling and Pastime Foyer.
