The Grossman Companies and Zelco Properties select Burlington firm to manage Connecticut retail center, expanding a partnership that now spans 38 properties.
BURLINGTON, Mass. — KeyPoint Partners (KPP) has expanded its property management portfolio with the addition of Ansonia Shopping Center in Ansonia, Connecticut, marking another assignment from longtime client The Grossman Companies and its joint venture partner, Zelco Properties & Development.
The new management contract brings the number of Grossman-owned properties managed by KeyPoint Partners to 38 across four states, according to William Lawler, Partner and Director of Property & Asset Management at the Burlington-based commercial real estate firm.
“We’re pleased to continue our relationship with The Grossman Companies on this high-quality asset,” Lawler said. “They’ve recognized that our expertise and commitment to excellence make us a strong partner for their commercial real estate needs.”
Located at 403-495 Main Street near the Ansonia Metro-North Train Station and just minutes from Route 8, the 181,000-square-foot shopping center consists of two primary retail buildings and three outparcels.
The center is undergoing a tenant transformation following its recent acquisition by Grossman and Zelco in May. New retailers Key Food, Marshalls, and HomeGoods are expected to open at the property, joining existing tenants including Cutting Crew and Mattress Firm.
The assignment further strengthens KeyPoint Partners’ position as one of the region’s leading commercial real estate management firms. The company now oversees more than 22 million square feet of commercial property across more than 325 properties in 14 states.
Headquartered in Quincy, The Grossman Companies is a family-owned real estate investment firm with more than 130 years of experience in New England. The company focuses on commercial and residential real estate acquisitions, private lending, and asset management. Through its affiliate, First Boston Capital Partners, Grossman has originated more than $1.5 billion in acquisition, renovation, and construction loans since 2012.
Zelco Properties & Development, founded in 1993 and renamed in 2023 under Dan Zelson, specializes in commercial real estate development with an emphasis on retail properties, mixed-use projects, and value-driven leasing strategies.
The addition of Ansonia Shopping Center reflects continued investment in retail properties across the Northeast as owners reposition shopping centers with new tenants and enhanced management to meet evolving consumer demand.
