Matthews™ Closes $45.5M Sale of Connecticut Shopping Center

Westport Shopping Center Sale

 

Westport, CT —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, represented the seller in the disposition of Compo Shopping Center in Westport, CT. Matthews™ Vice President Joanna R. Manfro handled the transaction.

 

The CVS-anchored shopping center was purchased for $45,500,000 by Regency Centers, a Florida-based REIT. This is the first time the center has traded since opening. Prior to the sale, the property was family-owned for three generations. The buildings boast 76,368 square feet in total and a 91.65% occupancy rate.

 

“Compo Shopping Center has been a highly sought-after investment for decades, and Regency emerged as the successful bidder in early February. This time around, I’m thrilled to have represented the sellers in this transaction as a broker, transitioning from the principal side.  It was gratifying to help secure the right buyer through a competitive process, ensuring the property received market value,” Manfro said.

 

“We’re excited to celebrate Joanna’s first closing as an agent, following a highly successful career on the principal side with nearly $2 billion in transactions,” Matthew Wallace, National Director of Shopping Centers, said. “Joanna’s deep institutional knowledge, established relationships, and vast experience set her apart from the competition. We look forward to her continued success at Matthews™.”

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.