Bross Chingas Bross Real Estate, Riverside Realty, #1 in 2013
Support Westport Country PlayhouseHappy Holidays from the Westport Downtown Merchants Association
Molly Lane, Exceptional Properties Specialist: Fairfield County Homes, 917-670-4842
 
Thursday, December 25, 2014
NewsBusinessReal Estate

Wednesday, December 05, 2012

Village Square Sells for $14.1 Million

Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon TwitThis Favicon  

The Main Street three-building commercial property known as Village Square has changed hands in a $14.1 million deal -– the second major Westport commercial property sale in a month.

WestportNow.com Image
Village Square was bought by former owner of 125 Main St. Contributed photo

The 14,850-square foot retail property, home to TD Bank, House of Clement, Charter Realty, and Westport Physical Therapy at 181 Main St., has been sold to Acadia Reality Limited Partnership for $14,138,000, said an announcement from the broker representing Village Square, John D. Hastings.

Last month, it was announced that the property housing Balducci’s, Anthropologie, and French antiques store ParcMonceau at 1365-1391 Post Road East sold for $18.25 million.

Village Square was developed in 1996 by The Marsilio Group. LLC.  Ronald S. Marsilio has been managing member since its inception, according to the announcement. It said in 2005 the Fraioli Family Partnership purchased an interest in Village Square of Westport Development, LLC.

Acadia is a well known owner of major commercial properties.  Earlier this year, it sold a 27,000-square foot building at 125 Main St. and was interested in acquiring another downtown Westport property, the announcement said.

Brokers involved in this transaction were Ted Hampe and Mark Holod of John D. Hastings, representing Village Square, and Penny Wickey of Saugatuck Commercial, who advised Acadia.  Howard Komisar of Berkowitz, Trager & Trager, provided legal assistance to the seller, the announcement said.

Posted 12/05 at 06:57 PM 

Comments:     Comment Policy

No comments yet.

You need to Register and be logged in to post comments. If you are already registered but are not logged in, you can Login here.

Name:

Email:

Location:

URL:

Remember my personal information

Notify me of follow-up comments?

You must be logged in to comment. You must also answer the question or solve the equation below:

What is missing: North, South, East, ----? (4 character(s) required)

Please note by clicking on "Submit" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Inappropriate posts may be removed.

<< Back to main