Retail

BETHEL, CONN. — Urstadt Biddle Properties Inc. has acquired the 30,940-square-foot Bethel Hub Shopping Center in Bethel, located about three miles south of Danbury, for $9 million. A 7,596-square-foot Rite Aid pharmacy and a 13,884-square-foot Caraluzzi’s liquor store anchor the property. Other tenants in the center include People’s Bank, which occupies 2,500 square feet, Wah Lah Soups Salads and More, Pizzeria Lauretano, a dry cleaner and a laundromat. The shopping center was fully occupied at the time of sale.

NEW YORK CITY — American Realty Capital Properties Inc. has completed its acquisition of a net lease portfolio from affiliates of funds managed by Fortress Investment Group LLC. The acquisition includes 120 properties, mostly retail, totaling 6.1 million square feet and a contract purchase price of $601.2 million. “With the acquisition of this portfolio from Fortress, we have closed on another one of our previously announced large property purchases,” says Nicholas Schorsch, executive chairman and CEO of ARCP. “We have further added to our best-in-class portfolio with the purchase of these high-quality net lease assets, diversified by geography, industry and tenant.”

NEW YORK CITY — Stan Johnson Co. has completed the $22 million sale of a retail condominium located at 1991 Broadway Ave. in Manhattan. The 7,500-square-foot property features 60 feet of frontage between 67th and 68th streets. Jason Maier and his team at Stan Johnson Co.’s New York office sold the property on behalf of Manhattan-based Small Fish Corp. to Ashkenazy Acquisition Corp. The space, which includes a public atrium, is located adjacent to the new Apple flagship store and close to the Lincoln Center, Julliard and the AOL Time Warner Center.