UBP PURCHASES OWNERSHIP STAKE IN STAMFORD SHOPPING CENTER

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STAMFORD, CONN. — Urstadt Biddle Properties (UBP) has acquired the remaining ownership interest in the entity that owns The Ridgeway Shopping Center in Stamford for $7.4 million. Developed in the 1950s and renovated in the mid-1990s, the center totals 371,000 square feet. Its tenant roster includes Stop & Shop, Bed Bath & Beyond, CVS/pharmacy, Staples, Marshall's, Old Navy, Michaels and L.A. Fitness.

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