Three CT Shopping Centers Head to Equity One Portfolio
Carl Gaines March 19, 2012, 2 p.m.
According to sources, Heyman Properties is in the process of selling three Connecticut shopping centers to Miami’s Equity One for a total of $79 million. They include the Darinor Plaza, at 500 Connecticut Avenue in Norwalk; Compo Acres at 374 Post Road East in Westport; and Post Road Plaza at 430 Boston Post Road in Darien.
Darinor Plaza consists of 145,637 square feet of leasable space and is 100 percent occupied by tenants such as Kohl’s, Old Navy and Payless Shoes. It’s currently under contract for $56 million, sources say.
Compo Acres is 43,107 square feet and leased to tenants like Trader Joe’s and Jos. A. Bank. There are 4,024 square feet of vacant space there. Post Road Plaza, home of Trader Joe’s, Orvis and other stores, is 20,005 square feet and 100 percent occupied, according to the Equity One website.
Heyman Properties and Equity One didn’t return phone calls in time for publication.