REBusinessOnline

Urstadt Biddle Properties Sells Townline Square Shopping Center for $44.5M

MERIDEN, CONN. — Urstadt Biddle Properties has completed the disposition of Townline Square Shopping Center, located at 533 S. Broad St. in Meriden. A private real estate investment group acquired the 315,000-square-foot property for $44.5 million in an all-cash transaction. The property features more than 25 stores, including Michael’s, Pier 1 Imports, Marshalls, #1 Nails, Miracle-Ear, Ting Ho Restaurant, Once Upon a Child and GNC. Jim Koury of HFF represented the seller and procured the buyer in the transaction.

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