Saturday, April 20, 2024

Sponsors

Westfair Shopping Center Changes Hands for $4,350,000

WestportNow.com Image
Westport’s Westfair Shopping Center, 1759 Post Road East on the Westport-Fairfield town line, has changed hands for $4,350,000. The two-building, 16,000-square foot shopping complex was built in 1950 and sits on 1.1 acres of land. Longtime tenants include Cooper’s Auto Parts as well as Westfair Fish and Chips. The seller was KB Westfair, LLC and the buyer was Westfair Real Estate, LLC, an affiliate of John A. Nelson and Paragon Realty Group, LLC of Westport. KB Westfair, LLC was formed in 1999 by the late Kathryn (Kay) Frazer Brooks, who died in 2016, with her children Lori Frazer and Marc Frazer, according to a filing with the secretary of the state’s office. She was the widow of B.V. “Dexter” Brooks, founder and publisher of Brooks Community Newspapers. HK Group was the only broker involved in the transaction, which was announced by Matthew Keefe, president, and Franco Fellah, executive VP, at HK Group. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Leave a Reply

Your email address will not be published. Required fields are marked *