Saugatuck Commercial Real Estate brokers $10 million sale of 20,000 s/f retail center

Penny Wickey and Daniel Neaton of Saugatuck Commercial Real Estate (SCRE) of Westport, CT recently represented Golden Crest Motel Corporation in the sale of their 20,000 s/f retail center located at 596 Westport Ave. The property is just over 1.6 acres and is adjacent to the Whole Foods shopping center on Rte. 1, Westport. The center is 100% leased to retail tenants including FedEx Office, Panera Bread, SuperCuts/Regis, Hudson City Savings Bank and the Red Cross. The property was purchased by Westport Ave Partners LLC for over $10 million. SCRE was the sole broker involved in this transaction.