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Darien Theater and Retail Property Sold for $11.3M

Image courtesy of Google Maps.

A theater that’s been a fixture in downtown Darien for nearly a century has been acquired for $11.3 million by a hometown buyer.

The 20,996-square-foot Darien Playhouse was renovated and partially converted into retail space along with the twin movie theater by Greenwich-based real estate developer Collins.

Cushman & Wakefield represented the seller in the transaction, Collins affiliate Pear Partners, which acquired the 1077 Boston Post Road property in 2003 for $2.5 million.

The buyer is Darien Place LLC, which lists a Darien street address owned by Jon Vaccaro, a real estate finance executive.

“The Darien Playhouse is an iconic property which has defined downtown Darien for over 90 years and continues to do so because of its well-known upscale tenancy,” Al Mirin, Cushman & Wakefield executive managing director, said in a statement.