CBRE COMPLETES PURCHASE OF $2.25 MILLION RETAIL PROPERTY

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NORWALK, CONN. — CB Richard Ellis (CBRE) has completed the acquisition of a 6,000-square-foot retail property located at 261 Connecticut Ave. in Norwalk for $2.25 million. Al Mirin and Silvia Pogosyan of CBRE's Stamford, Conn., office represented the buyer, Hattco Post Road LLC. The buyer also owns several adjacent land parcels through an affiliate and has future plans to develop the parcels for retail use. Hattco could deliver more than 20,000 square feet of retail space as early as 2012, but the 261 Connecticut Avenue property, which was formerly occupied by Seymour's Hardware, is available for immediate occupancy. Jessica Curtis of CBRE's Fairfield County, Conn., office is overseeing leasing for the entire portfolio.

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