GROSSMAN COS. AND SUMMIT DEVELOPMENT BUY RETAIL SITE IN CONNECTICUT

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WESTPORT, CT. — In partnership with Summit Development, The Grossman Companies has acquired 60 Charles Street in Westport, for $2.7 million. The 5,728-square-foot retail building is located on just over a half acre near the heart of one of Fairfield County’s most affluent towns and adjacent to the Westport Metro North station, with access to Exit 17 off I-95. The space, which had been home to a restaurant, is currently vacant. The partnership has invested almost $45 million in joint venture acquisitions since 2012. 60 Charles Street is the fourth Grossman-Summit joint venture acquisition in the past 18 months.

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