Urstadt Biddle Acquires Two Major Greenwich Retail Properties

GREENWICH, Conn. -- Urstadt Biddle Properties recently acquired two retail properties on Putnam Avenue in Greenwich for $18 million.

A Greenwich firm has acquired two retail properties on Putnam Avenue for an estimated $18 million.
Photo Credit: *Business Wire*

by The Daily Voice

08/07/2013 5:00 a.m.

The Greenwich-based firm purchased the 9,300-square-foot retail strip mall located at 125-143 W. Putnam Ave. and is shadow anchored by a Stop & Shop Supermarket.

Urstadt Biddle also purchased Cos Cob Plaza at 393-407 E. Putnam Ave. The 15,000-square-foot retail and office center includes national men’s clothier Jos A. Bank as well as other retailers.

“We are very pleased that we have continued the process of investing capital raised from our stock offerings in October 2012 into high-end, high demographic retail shopping centers," Willing Biddle, president of Urstadt Biddle Properties Inc., said in a statement. "These two purchases continue the strong acquisition momentum begun with our acquisition earlier this year of the grocery-anchored Chestnut Ridge Shopping Center in Montvale, N.J., and the 110,000-square-foot grocery-anchored Village Shopping Center in New Providence, N.J.

"We are looking at several other opportunities and continue to be willing buyers of quality, fairly priced, retail shopping centers located in our marketplace, the suburban communities surrounding New York City.”

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