Boston— JLL Capital Markets announced the $44.4 million sale of Bristol Plaza, a 263,829-square-foot grocery-anchored shopping center in Bristol, Connecticut, located within the Hartford metropolitan area.
JLL represented the seller, Federal Realty Investment Trust, while the buyer was Sterling Organization.
The center is 93.1% occupied and anchored by Stop & Shop, Connecticut’s leading grocer. Other national tenants include T.J. Maxx, Burlington, Five Below, Dollar Tree, and Starbucks.
Located at 641 Farmington Ave. (State Route 6), Bristol Plaza sits along the city’s main retail corridor, serving over 107,000 residents within a five-mile radius. The property is also near ESPN’s global headquarters, which employs more than 3,600 people, and benefits from direct access to Interstate 84. The shopping center has been a community staple for over 50 years.
Chris Angelone, Senior Managing Director at JLL, led the investment sales team, supported by Directors Zach Nitsche and Alex Quinn, Associate Sam Wiesman, and financing assistance from Managing Director Henry Schaffer.
“Bristol Plaza represented a unique opportunity to acquire a performing grocery-anchored retail center with a dominant anchor,” Angelone said. “The property’s strong tenant lineup and strategic location in Bristol’s primary retail corridor made it highly attractive to investors, resulting in a competitive marketing process.”
The sale underscores continued investor interest in grocery-anchored retail assets in suburban markets with stable tenant demand and high community engagement.
