Photo courtesy of Google Maps.

The Milford Crossing shopping center has changed hands for nearly $60 million.

Seattle-based Bridge33 Capital and Waterfall Asset Management acquired the property for $59.6 million from LNR Partners LLC.

Located at 1349 Boston Post Road (Route 1) in Milford, the 371,537-square-foot shopping center was 98 percent leased at the time of sale. The property is a shopping center adjacent to Connecticut Post Mall and the intersection of Interstate 95 and Route 1. Milford Crossing is anchored by Walmart and is leased to national retailers including Marshalls, HomeGoods, Petco, JOANN, Barnes & Noble, Staples, Golf Galaxy and Five Below.

Managing Directors David Monahan and Chris Angelone, Executive Vice President Nat Heald and Senior Vice President Cameron Pittman led the JLL team on the sale on behalf of LNR.

Bridge33 Capital and Waterfall Asset Management represented themselves.

“Milford Crossing is located at the 50-yard line of one of the most important retail corridors along the Connecticut shoreline,” Bridge33 Capital Managing Principal and co-founder Jahan Moslehi said in a statement. “Our plan is to continue to seek out the best retailers across the nation and put them into our shopping center. Milford Crossing is an excellent fit for our target criteria and complements our existing national retail footprint.”