Stamford Firm Sells Retail Property In Monroe For $3.275 Million

STAMFORD, Conn. – Stamford-based Cushman & Wakefield has sold a retail strip mall in Monroe to Parkway Plaza of Norwalk for $3.275 million, the Stamford-based firm announced.

Cushman & Wakefield of Stamford announced the sale of a property at 447 Monroe Turnpike in Monroe.
Photo Credit: *Contributed by BCM Media*

Tom Renner

05/10/2014 4:30 a.m.

The retail building is on 2.34 acres on State Route 111 in Monroe. Cushman & Wakefield represented the seller, Monroe Turnpike Associates, in the sale. The $3.275 million selling price comes out to $247 per square foot.

Located on Monroe’s busy retail corridor, the retail complex is occupied by well-established tenants, such as Dunkin’ Donuts, a 25-year tenant, as well as Subway, KoKo FitClub, Monroe Cleaners, FM One Stop, C & J Cards and Linda’s Storytime.

The Cushman & Wakefield sales team was made up of Al Mirin, executive director, and Kate Schwartz, associate. Mirin and Schwartz are members of Cushman & Wakefield’s Private Capital Group, which specializes in middle market building sales ranging from $2 million to $20 million

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