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NEWS ROUNDUP
ACQUISITION: Zelco Properties, Grossman Companies buy 175K SF Ansonia Shopping Center for $8.4M. Zelco Properties & Development and The Grossman Companies acquired Ansonia Shopping Center, a nearly 175,000 SF retail property spanning approximately 15 acres in downtown Ansonia, Connecticut, for $8.4 million, or about $48 per square foot. The property was approximately 30% leased at the time of acquisition, creating an opportunity for the buyers to reposition the center and attract new tenants. Existing tenants include Marshalls/HomeGoods, ION Bank, Mattress Firm, the General Services Administration, and Cutting Crew. Plans call for infrastructure upgrades, including new roofs, HVAC systems, facade improvements, and parking lot work. Charter Realty, Zelco’s brokerage and leasing arm, will lead leasing at the property.
ACQUISITION: RealSource arranges $5.4M sale of 5,462 SF Mister Car Wash property in Kemah, Texas. RealSource Group arranged the $5.4 million sale of a 5,462 SF retail property leased to Mister Car Wash in Kemah, Texas, southeast of Houston. Built in 2021, the property is secured by a fully guaranteed corporate lease. Austin Blodgett and Jonathan Schiffer of RealSource Group, in association with ParaSell Inc., represented the seller, a local private investor. Chase Cameron of Matthews represented the buyer.
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