Home Fairfield Two-property retail complex in Riverside sells for $5.8M

Two-property retail complex in Riverside sells for $5.8M

A two-property retail complex in Riverside has been sold for $5.8 million.

1075 E. Putnam Ave. Riverside retail complex
1075 E. Putnam Ave.

The complex consists of a 4,580-square-foot, two-story mixed-use building on 0.23 of an acre at 1075 E. Putnam Ave. and the adjacent one-story retail building at 5 Riverside Lane with 3,055 square feet of space on 0.34 of an acre. The properties share a 47-space parking lot.

The buyers are the husband-wife team of Debra Ponzek and Greg Addonizio, who run the specialty food shop Aux Délices at 1075 E. Putnam Ave. The three other commercial tenants at 1075 E. Putnam Ave. – Town Nails, Riverside Art & Frame and Centric Property Group – will remain.

The properties were sold by Jack and Vickie DeLuca and Ernest J. Gentile Realty, who also owned the Riverside Floor Covering store at 5 Riverside Lane that has moved across the street to 1076 E. Putnam Ave. Houlihan Lawrence commercial agent Terry Baxendale represented the sellers in the transaction.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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