Retail Entrances, Expansions in Greater New England Follow Spoke-to-Hub Pattern
Ask a local retail broker or landlord to name tenants that are currently expanding aggressively in the greater Boston area and throughout New England as a whole, and odds are that “Ross Dress for Less” will come up within the first minute. Of course, the California-based discount retailer has been crushing it for some time […]
Zelco Properties, Grossman Acquire 175,000-Square-Foot Ansonia Shopping Center in Southwest Connecticut for $8.4 Million
Ansonia, Conn. — A joint venture between Zelco Properties and The Grossman Cos. has acquired Ansonia Shopping Center, a 175,000-square-foot retail center located in Southwestern Connecticut’s New Haven County, for $8.4 million. The joint venture plans to reposition the property to introduce daily needs anchors and service-oriented retailers, and will complete renovations to the roofs, exteriors, […]
Key Food to open new supermarket near New Haven, Connecticut
Zelco Properties, Grossman Cos. secure grocer for 37,000-square-foot space in Ansonia Key Food, a supermarket cooperative headquartered in Matawan, New Jersey, has leased 37,000 square feet to open a new location in Ansonia, Connecticut. The store will anchor the Ansonia Shopping Center, an approximately 177,000-square-foot retail center that also includes HomeGoods, Marshalls and Mattress Firm […]
Zelco Properties Purchases 200,473-Square-Foot Retail Property in Eastchester, New York
Eastchester, N.Y. — Zelco Properties, along with an institutional real estate investment management firm and operating partner, has acquired 750 White Plains Road, a 200,473-square-foot retail property located within the Vernon Hills Shopping Center in Eastchester, approximately 20 miles north of New York City. Formerly occupied by Lord & Taylor, the multi-level property is anchored by White […]
Charter Realty drives Southend Hoboken to 85% leased with supermarket, gym, and public school
Hoboken, NJ Southend Hoboken (38 Jackson St.) is one of the most dynamic mixed-use developments in the region, and Charter Realty is at the center of the commercial transformation. The project, which brings together 110 residential condominium homes known as Southend Lofts, 50,000 s/f of commercial space, and 50,000 s/f of ground-floor retail, is reshaping the […]
Manhattan real estate investor active in CT pays $1.5M for North Haven site, plans new 7-Eleven prototype store
A Manhattan-based real estate investment group deeply invested in Connecticut recently paid $1.5 million for a 1.6-acre North Haven site where it plans to construct a building for a 7-Eleven. Krown Point Capital bought the vacant property at 413 Washington Ave., along the busy and heavily developed Route 5 corridor, in a deed recorded Oct. […]
Zelco Properties-led team buys High Ridge Shopping Center for $62 M
STAMFORD – Zelco Properties & Development, the development and acquisition arm of Westport-based Charter Realty, has purchased the High Ridge Shopping Center for about $63 million, according to city property records. Zelco, along with an unnamed institutional real estate private equity firm and an operating partner focused on acquiring and repositioning retail real estate, recently […]
Filling in the Missing Pieces in Shopping Centers
Dan ZelsonPrincipal and founder, Charter Realty and Zelco Properties & DevelopmentAge: 58Industry experience: 37 years Westport-based Charter Realty is mapping out growth strategies in retail real estate from New England to Montana. Founded in 1988 by Dan Zelson, the company specializes in tenant and landlord brokerage representation. Its sibling company, Zelco Properties & Development, specializes […]
Aurora Opens Advanced Lidar Research and Testing Facility in Bozeman, Montana
BOZEMAN, Montana – Aurora Innovation, Inc. (NASDAQ: AUR), a leader in autonomous trucking technology, today announced the opening of its new 78,000 square-foot office and testing facility in Bozeman, Montana. Located on Montana State University’s Innovation Campus, the space builds upon the university’s 30-year history of producing industry-leading photonics engineers and innovations. Inaugurated today with […]
Northern Attitude: Regional Optimism For Retail
Though uncertainty — economic, political and otherwise — has been a theme of 2024, retail real estate markets throughout the Northeast have proven itself reliably strong. Even certain headwinds like high construction costs and minimal quality space to accommodate growth have ultimately helped fuel robust fundamentals throughout the region. Now, brokers, investors and developers in […]