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HFF Brokers Sale for Waterbury Shopping Center

March 29, 2018 | Reprints | Unlock Link | Print

Holliday Fenoglio Fowler LP (HFF) has arranged the sale of Naugatuck Valley Shopping Center for an undisclosed amount.

The 382,864-square-foot, grocery-anchored shopping center in Waterbury is 77.1 percent leased. According to a statement from HFF, it is anchored by the region’s highest grossing Walmart, along with a Stop & Shop. The 50.5-acre site contains 2,155 parking spaces and features additional tenants such as Panera Bread, Bob’s Stores and Wendy’s.

The HFF investment advisory team representing the seller included Senior Managing Director Jim Koury.

“As with many retail centers today, Naugatuck is going through a transitionary phase, which presents an exciting opportunity for the next owners to reposition the center by re-merchandising the tenancy to reflect the new wave of concepts in retailing,” Koury said in a statement.